Coronado land sales sold for 245000 a parcel of land that, Ask an Expert

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Coronado Land Sales sold for $245,000 a parcel of land that cost $147,000. Collections on the sale were: $60,000 in 2010, $90,000 in 2011, and $95,000 in 2012. complete the table showing the recognition of gross profit in 2012, 2013, and 2014 if the instalmment sale method was chosen and the cost recovery method was chosen.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91088103

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