Business, 27.06.2019 05:30 shubbs1038a
Rhonda company enters into a contract with petersburg, inc. on march 5. according to the contract, rhonda is scheduled to deliver 100 units of product 1 at a sales price of $60 per unit and 150 units of product 2 to petersburg, inc. by june 30 at a sales price of $75 per unit. rhonda agrees to deliver both products 1 and 2 before being entitled to any payments. the following deliveries are made by rhonda to petersburg: on march 25, rhonda delivers 100 units of product 1.on june 20, rhonda delivers 150 units of product 2. what amount(s) relating to this contract should rhonda report on its march 31 balance sheet?
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Rhonda company enters into a contract with petersburg, inc. on march 5. according to the contract, r...
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