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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Thunder Paradise Corporation began selling goods on an installment basis on January 1, 2008. During 2008, Thunder Paradise had installment sales of $150,000; cash collections of $54,000; cost of installment sales of $105,000. Determine the gross profit recognized, using the installment-sales method.
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