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R&B IncEntered into a Contract with Jingles Corporation, in Which R&B

Question 55

Multiple Choice

R&B Inc.entered into a contract with Jingles Corporation, in which R&B agreed to provide Jingles with building supplies.Jingles agreed to pay a total of $18,000 at delivery.Under the contract-based view, R&B's net contract position can be assumed to be


A) $18,000.
B) $9,000.
C) $4,500.
D) $0.

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