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Refer to LaGrow Developers

Question 58

Multiple Choice

Refer to LaGrow Developers.Assuming that LaGrow uses the installment sales method,in its December 31,2016 balance sheet,the company would report ________.


A) $3,000,000 net installment account receivable
B) $4,000,000 net installment account receivable
C) $2,600,000 net installment account receivable
D) $5,000,000 net installment account receivable

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