Question: Peyton owns a high - end appliance store. At the end of the year, Peyton has deposits of $ 5 , 0 0 0 from

Peyton owns a high-end appliance store. At the end of the year, Peyton has deposits of $5,000 from customers waiting for their custom appliances to arrive later next year. How much of the $5,000 must Peyton recognize in the year the money was received ?

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