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Accountinly In this activity you will be tested on how commendable is you! problems related to accounting concepts and principles. 3. If a Rion's condominium unit that was originally acquired for 1.2 Million is offered for sale at 2 Million, is assessed for tax purposes at 1.7 Million, is recognized by its purchaser as easily being worth 1.6 Million, and is sold for 1.5 Million. Compute for the amount that should be recorded in the purchaser's book. Accounting principles Amount of the Condominium unit 4. On July 01 of the current year, Serg Auditing Services signed a 180 Thousand contract to Rachelle Printing Inc. to provide auditing services to be rendered for 6 months up to December 31 2020. It is 30 Thousand monthly contract and the cash received in full upon signing. What should be the amount of revenue to be recorded on July 31 2020? Accounting principles Amount of revenue