ABC Corp sold goods with a list price of P100,000 on terms of 10%, 3/10, 1/15 n/30. Based on experience, ABC's customers take the higher cash discount. Under the gross method, how much receivable was recognized on the date of sale? 86,425 87,300 90,000 90,824

ABC Corp sold goods with a list price of P100,000 on terms of 10%, 3/10, 1/15 n/30. Based on experience, ABC's customers take the higher cash discount. Under the gross method, how much receivable was recognized on the date of sale? 86,425 87,300 90,000 90,824

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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86,425

87,300

90,000

90,824

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