Gregg just settled with darigold at 130000 cash plus 15000


Gregg just settled with Darigold at $130,000 cash plus $15,000 in credit. Is it correct to increase reserve $10K for the 70% cost of $15,000 credit assuming a 30% margin?

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Financial Accounting: Gregg just settled with darigold at 130000 cash plus 15000
Reference No:- TGS01104262

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