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IFRS 15 – Example 7

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IFRS 15 – Example 7

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.
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  • March 8, 2020 at 7:13 pm #564925
    chrisj1
    Participant
    • Topics: 6
    • Replies: 30
    • ☆

    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

    March 10, 2020 at 7:18 pm #565053
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7212
    • ☆☆☆☆☆

    Hi,

    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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