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When the consideration receivable from an installment sale is discounted, the gross prot rate is computed a. based on the present value of the consideration

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When the consideration receivable from an installment sale is discounted, the gross prot rate is computed a. based on the present value of the consideration receivable. b. based on the undiscounted installment sale price c. a or b d. none of these When the consideration receivable from an installment sale is discounted, realized gross profit is computed based on collections pertaining to the principal based on the total collection during the period a or b none of these shop's

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