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Willow Ltd is offering the following conditions to customers who purchase goods with a minimum total of $ 2 0 0 0 0 in the
Willow Ltd is offering the following conditions to customers who purchase goods with a minimum total of $ in the one transaction:
Initial deposit of of purchase price.
Immediate delivery of goods purchased.
Repayment of the balance including the interest over equal monthly instalments.
Willow Ltd retains legal title to the goods until the final monthly payment has been made.
Willow Ltd would recognise revenue as follows:
Group of answer choices
recognise interest as it is received monthly and recognise the revenue on the sale of the goods at purchase date.
recognise all revenue as it is received.
recognise interest as it is received monthly and recognise the revenue on the sale of the goods once the final payment has been received.
recognise the whole amount of revenue at purchase date.
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