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Find how much is the initial measurement of the receivable

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Problem 1: An entity sells goods for ?150,000 to a customer who was granted a special credit period of 1 year. The entity normally sells the goods for ?120,000 with a credit period of one month or with a ?10,000 discount for outright payment in cash. How much is the initial measurement of the receivable?

Reference no: EM132776789

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