Business, 25.12.2019 06:31 dev804

Assume royal palm corp., an equipment distributor, sells a piece of machinery with a list price of $800,000 to arch inc. arch inc. will pay $850,000 in one year.
royal palm corp. normally sells this type of equipment for 90% of list price.

how much should be recorded as revenue?
a. $720,000.b. $765,000.c. $800,000.d. $850,000.

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Assume royal palm corp., an equipment distributor, sells a piece of machinery with a list price of $...

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