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Dear Tutor,
I have question needs to be clarified. So, the question is as follows:
The entity was entered into the contract with a company operating in a developing country. There was a sudden change in the economy and entity now assumes that it will receive 70% of consideration (Assuming consideration is 1000) shown in the contract. How much revenue must be recorded?
I am asking for clarification of an issue based on IFRS 15.
Hope that I have expressed my trouble clearly.
Thank you in advance!
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