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How much should ford record as sales

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Question - Ford Corporation, an equipment distributor, sells a piece of machinery with a list price of P800,000 to Territory Company. Per agreement, Territory will pay P850,000 in one year evidenced by a note. Ford normally sells at cash price equivalent to 90% of list price. The note has a market rate of 12%. How much should Ford record as Sales?

Reference no: EM132972052

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