IFRS 15 – Example 7

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March 8, 2020 at 7:13 pm #564925
chrisj1
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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
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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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