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Silent Night Co. sells inventory for $1,000,000 that cost $750,000. It reports deferred gross profit of $200,000 at year end. If realized gross profit for the year is $160,000, total collections were $800,000. Home Co. reported deferred gross profit of $200,000 and $60,000 at the beginning and end of the year respectively. Given it sells at a 25% gross profit rate, total collections were $800,000. Yello Co.

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