Assume Sentinal Corp., an equipment distributor, sells a piece of machinery with a list price of $700,000
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Question:
Assume Sentinal Corp., an equipment distributor, sells a piece of machinery with a list price of $700,000 to Arch Inc., Arch Inc. will pay $725,000 in one year. Sentinal Corp. normally sells this type of equipment for 80% of the list price. How much should be recorded as revenue?
a). $580,000
b). $560,000
c). $700,000
d). $725,000
Related Book For
Vector Mechanics for Engineers Statics and Dynamics
ISBN: 978-0073212227
8th Edition
Authors: Ferdinand Beer, E. Russell Johnston, Jr., Elliot Eisenberg, William Clausen, David Mazurek, Phillip Cornwell
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