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Installment sales 31500 2022 31500 31500 during 2020 Stellar's Co.'s first year of operations.

A) True
B) False

User Naja
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1 Answer

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Final answer:

The question addresses Stellar's Co. recording $31,500 in installment sales in 2022, their first year of operations. Without additional information or context, it is not possible to confirm the accuracy of this figure. Verification would require examination of the company's financial records for that year.

Step-by-step explanation:

The question appears to be related to the concept of installment sales in accounting, which is a business practice where revenue is recognized by the seller gradually as payments are received from the buyer over a period of time, rather than at the point of sale.

The mention of Stellar's Co. and their first year of operations implies we are discussing the company's first-year accounting practices for installment sales.

If the question is asking whether it is true or false that Stellar's Co. recorded $31,500 in installment sales in 2022, their first year of operations, without further context or information, it is difficult to provide a factual answer. The company's financial records for 2020 would need to be reviewed to verify this figure.

User Xyz
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