Revenue recognition-point of sale

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Reference no: EM13790648

(Revenue Recognition-point of sale) Presented below are three revenue recognition situations.

Grupo sells goods to MTN for $1,000,000, payment due at delivery.

Grupo sells goods on account to Grifols for $800,000, payment due in 30 days.

Grupo sells goods to magnus for $500,000, payment due in.

Reference no: EM13790648

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Revenue recognition-point of sale : (Revenue Recognition-point of sale) Presented below are three revenue recognition situations.

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