Question: The Firestone Group Ltd Firestone a company engaged in real
The Firestone Group, Ltd. (Firestone), a company engaged in real estate development, entered into a contract to sell nursing homes it owned to a buyer. The buyer paid a $ 30,000 deposit to Firestone and promised to pay the remainder of the $ 28 million purchase price in the future. The profit on the sale, if consummated, would have been $ 2 million.
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