Question: Several of Fox Inc s customers are having cash flow problems

Several of Fox, Inc.’s, customers are having cash flow problems. Information pertaining to these customers for the year ended December 31, 2013 and 2014 follows:


Required:
If the cost recovery method is used, what amount would Fox report as gross profit from sales for the year ended December 31,2014?
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  • CreatedSeptember 10, 2014
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