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How much is the ending balance of the receivable

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Reference no: EM132949257

Problem 1: Silent night co. uses the installment sales method. Silent night sell inventory costing 750,000 for 1,000,000. If silent night co. recognizes realized gross profit of 180,000, how much is the ending balance of the receivable?

a. 280,000

b. 250,000

c. 200,000

d. 50,000

Reference no: EM132949257

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