How much total revenue should be recognized on sale, Accounting Standards

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How much total revenue should be recognized on sale

Response to the following problem:

Adani Inc. sells goods to Geo Company for $11,000 on January 2, 2014, with payment due in 12 months. The fair value of the goods at the date of sale is $10,000. Prepare the journal entry to record this transaction on January 2, 2014.

How much total revenue should be recognized on this sale in 2014.

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Accounting Standards: How much total revenue should be recognized on sale

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Accounting Standards: How much total revenue should be recognized on sale

Reference No:- TGS02122373

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