Assume that in Question 3 you had also been told that cars without the inclusion of free

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Assume that in Question 3 you had also been told that cars without the inclusion of free services are typically sold by other sales outlets for €40,000.
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Re-do the entries for the sale and the servicing. (Ignore interest as the timing of the servicing is not given and the amounts are modest.) Justify your answer.
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Financial Accounting and Reporting

ISBN: 978-1292080505

17th edition

Authors: Barry Elliott, Jamie Elliott

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