Dear Tutors,
On review of the given answers for page 71 of the FR example 7, please can you explain how you calculated the profit figure of $12,800.
Many thanks,
Chris
Ask the Tutor ACCA FR
IFRS 15 - Example 7
6y ago#1Hi,
The 12,800 is 40% of the total expected profit. You should find this shown in the answer on page 137 of the notes.
Thanks
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