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Carpenter company has used the installment method of accounting since it began operations at the beginning of 2011. Following pertains to its operations: installment sales 1400000. cost of installment sales 980000 collections of installment sales 560000 general and administravie expense 140000. amout to be reported Dec 31 2011.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975662

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