Needed in 30 minutes 4. An entity sells inventory with a list price of P100,000 on account under credit terms of 20%, 10%, 1/10, n/30. The entity estimates that only 90% of the cash discount will be taken and concludes that it is highly probable that a significant reversal in the cumulative amount of revenue recognized will not occur as the uncertainty is resolved. Determine the cash collected from the sale.

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Q: None

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