How much profit can Ouyang Inc recognize

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Question - Ouyang Inc. spent $400,000 improving an apartment. He sold the property for $500,000 but the buyer makes two installment payments. On the first payment due date, Ouyang Inc. receives a check for $200,000. How much profit can Ouyang Inc. recognize from this $200,000 check if the installment method of revenue recognition is used?

Reference no: EM132935044

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