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Recording Revenue Under Different Repurchase Agreements a. Prepare the seller's journal entry on January 1. b. Prepare the seller's journal encry on December 31. c.

Recording Revenue Under Different Repurchase Agreements a. Prepare the seller's journal entry on January 1. b. Prepare the seller's journal encry on December 31. c. Assume instead that Miller has the option to buy back the equipment and the fair value of the equipment is expected to decline through the year. How would the answers to parts a and b change (if at all)

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