Ern Inc., a car dealer, sells five vehicles on January 1, 2020, to a customer...
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Ern Inc., a car dealer, sells five vehicles on January 1, 2020, to a customer for $100,000.The cost of the vehicles sold was $ 80,000. It agrees to repurchase the five vehicles from the customer on December 31, 2021, for a price of $110,250.
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