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FR workbook (for exams in Sep 2020, Dec 2020, Mar 2021 and June 2021)
Chapter 6 – Revenue and Government GrantsActivity 5
Q: A company entered into a four-year contract to build a sports stadium …(1) It seems to me the anser to question one should be:
20X1: $76m, 20X2: $171m; 20X3: $133m.
(2) It seems to me the anser to question two should be:
Trade receivable: $30m, Contract asset $ 180mThe answer on page 140 seems different (although the detailed explanations seem supporting my answers. Anyone has seen this? Thanks!
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