Multiple Choice
On 1 April 2017,Babies Unlimited sold a crib with accessories,which cost $1 000,for $1 500.It was sold for 10% deposit,with the balance to be paid in six equal payments beginning on 1 May 2017.How much sales revenue is recognised in the calendar year 2017 under the instalment method?
A) $300
B) $1 500
C) $150
D) $1 350
Correct Answer:
Verified
Correct Answer:
Verified
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