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Business, 08.07.2021 15:30 gamergladiator43

Presented below are three revenue recognition situations. a. Groupo sells goods to MTN for $908,000, payment due at delivery.
b. Groupo sells goods on account to Grifols for $797,000, payment due in 30 days.
c. Groupo sells goods to Magnus for $499,000, 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 $462,200.

Required:
Indicate the transaction price for each of these transactions and when revenue will be recognized.

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Presented below are three revenue recognition situations. a. Groupo sells goods to MTN for $908,000...
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