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1patterson inc receives a 10000 payment two years in

1.Patterson, Inc. receives a $10,000 payment two years in advance of delivering a completed novel. A five percent interest rate applies. How much revenue would Patterson recognize associated with delivery of the novel, assuming delivery occurs on time?

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Financial Accounting: 1patterson inc receives a 10000 payment two years in

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Financial Accounting: 1patterson inc receives a 10000 payment two years in

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