- This topic has 3 replies, 2 voices, and was last updated 7 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Hi Mike,
would you mind to help me with following question please.
In question practice chapter 24 IFRS 15, question 4
Cost recognised at 31/10/2014 is 3410 (balance figure)
where is this come from? I can not figure out!!!Thanks in advance.
Revenue recognised is 75% x $4,200,000 = $3,150,000
An overall loss is forecast of $260,000
If we have revenue of $3,150,000 and we’re forecasting a loss of $260,000, how much are the costs to be recognised?
OK?
Viewing 4 posts - 1 through 4 (of 4 total)
- The topic ‘IFRS15’ is closed to new replies.