On November 30, 2020, Marg's Antiques sold a mint condition vintage stove for $89429. The company paid

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On November 30, 2020, Marg's Antiques sold a mint condition vintage stove for $89429. The company paid $27978 for the stove at an auction. The buyer has agreed to pay for the stove in 4 instalments every December 31 in 2021, 2022, 2023 and 2024.

Calculate the amount that Marg's Antiques can deduct as a reserve for unpaid ammounts in 2022.

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Posted Date: Feb 13, 2024 11:04 AM

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On November 30, 2020, Marg's Antiques sold a mint condition vintage stove for $89429. The company paid

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Fundamental Accounting Principles Volume I

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