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Your company sells chairs. During the year your customers buy $1 million of chairs from you. Only half of them actually pay you. The remaining
Your company sells chairs. During the year your customers buy $1 million of chairs from you. Only half of them actually pay you. The remaining half promise to pay you later. When you report your Sales Revenue for the period on the income statement according to the Generally Accepted Accounting principles, how much will it be and why
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