Revenue and cost of sales

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March 11, 2019 at 6:40 am #508984
yuska
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Hi

“A” company’s results for the year ended 31.12.2018:

Revenue – 75000
Cost of sales – 50000

Additional information:
a) Company made 8000$ sales on 01.07.2018. Cost of sales included accurately to the results. But 4000$ sales included to revenue, but the director want to recognize remaining 4000$ sales in the year ended 31.12.2019. Cost of capital is 8%.

Question: How this additional information affects the company’s results (revenue and cost of saled) for the year ended 31.12.2018?
March 17, 2019 at 7:52 pm #509553
P2-D2
Keymaster
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Hi,

Sorry, but I’m not too sure that I follow your question above. Have you actually attempted to solve it yourself? If not then what is it you wish to know exactly, please?

Thanks
March 20, 2019 at 4:00 pm #509856
yuska
Member
- Topics: 15
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this similar question to March 2019 FR exam Section C.
I have tried to solve it but I dont know how to solve this problem.
March 20, 2019 at 7:21 pm #509867
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

I’ve not seen the March 2019 exam so can’t really comment, sorry. If you can elaborate on your initial question then I can try and assist.

Thanks
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