Groupo Sells Goods To Magnus For 545 000 Payment Due In Two Installments The Fir

Groupo sells goods to Magnus for $545,000 payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $510,700. What is the transaction price and when recognized?

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Groupo Sells Goods To Magnus For 545 000 Payment Due In Two Installments The Fir

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