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The Browns Inc. had retained earnings of $250,000, sales of $850,000, net income of 175,000 . Identify which customer is classified as a major customer:
The Browns Inc. had retained earnings of $250,000, sales of $850,000, net income of 175,000 . Identify which customer is classified as a "major" customer: a. Copeland Inc., which paid cash of 89,000 , equal monthly contracts of $7,000, for 12 months of service provided. b. Chubb, Inc., which paid cash of $82,000, equal monthly contracts of $9,000 with 9 months of service provided. c. Baker, Inc. which paid cash of $110,000, equal monthly contracts of $8,000 for 10 months of service provided. d. Clippinger, Inc. which paid $90,000, equal monthly contracts of $8,500 with 11 months of service provided. e. Grover, Inc., which paid cash of $92,000, equal monthly contracts of $10,000, with 8 months of service provided
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