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Business, 14.05.2021 15:30 Gearyjames8

Presented below are three revenue recognition situations. (a) Groupo sells goods to MTN for $901,000, payment due at delivery. (b) Groupo sells goods on account to Grifols for $879,000, payment due in 30 days. (c) Groupo sells goods to Magnus for $480,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $443,000. Indicate the transaction price for each of these situations and when revenue will be recognized.

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Presented below are three revenue recognition situations. (a) Groupo sells goods to MTN for $901,000...
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