Question: Rancourt Corp is a real estate company Approximately 50 of

Rancourt Corp. is a real estate company. Approximately 50% of sales are properties that Rancourt owns. In the remaining 50%, Rancourt brokers the transactions by finding buyers for property owned by other companies. Explain how Rancourt should present the revenues from both of these operations.

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  • CreatedSeptember 18, 2015
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