How much revenue from this sale should shaw recognize, Accounting Basics

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How much revenue from this sale should shaw recognize

On January 1, 2010, Shaw Co. sold land that cost $210,000 for $280,000, receiving a note bearing interest at 10%. The note will be paid in three annual installments of $112,595 starting on December 31, 2010. Because collection of the note is very uncertain, Shaw will use the cost-recovery method. How much revenue from this sale should Shaw recognize in 2010?

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Accounting Basics: How much revenue from this sale should shaw recognize

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Accounting Basics: How much revenue from this sale should shaw recognize

Reference No:- TGS0705748

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the net fixed asset balance at the end of the year

Q : Explain the computer-based order entry system

Q : What amount of interest income should be included in melton

Q : What amount of overhead cost would monrovia assign

Q : How much revenue from this sale should shaw recognize

Q : What is the total amount of additional paid-in capital

Q : What does the time value of money mean

Q : What impact do interest rates have on calculation of future

Q : What was the cost of units sold

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much revenue from this sale should shaw recognize

Reference No:- TGS0705748

Recent Questions Asked Accounting Basics

Q : What is the net fixed asset balance at the end of the year

Q : Explain the computer-based order entry system

Q : What amount of interest income should be included in melton

Q : What amount of overhead cost would monrovia assign

Q : How much revenue from this sale should shaw recognize

Q : What is the total amount of additional paid-in capital

Q : What does the time value of money mean

Q : What impact do interest rates have on calculation of future

Q : What was the cost of units sold

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