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Revenue and Government Grants – activity 5 – is the answer correct??

This topic has 2 replies, 3 voices, and was last updated 4 years ago by chris86maloney.

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July 13, 2020 at 10:54 am #576685
fluencyleo
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FR workbook (for exams in Sep 2020, Dec 2020, Mar 2021 and June 2021)
Chapter 6 – Revenue and Government Grants
Activity 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 $ 180m
The answer on page 140 seems different (although the detailed explanations seem supporting my answers. Anyone has seen this? Thanks!
February 23, 2021 at 8:25 am #611400
Rumena
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I am confused too.
March 18, 2021 at 11:46 am #614675
chris86maloney
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Hi – I have just posted a question pn the forum regarding this as I found the same. Did you get to the bottom of it?
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