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IFRS 15 – Example 7

This topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.

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March 8, 2020 at 7:13 pm #564925
chrisj1
Participant
- Topics: 6
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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
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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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