Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Groupo sells goods to Magnus for $545,000 payment due in two installments, the first installment payable in 18 months and the second payment due 6...
Groupo sells goods to Magnus for $545,000 payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $510,700. What is the transaction price and when recognized?
