Assuming the facts are the same as Example 12.3, except that the amount of variable consideration changes
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Assuming the facts are the same as Example 12.3, except that the amount of variable consideration changes from an expected €11 million to an expected €13 million after contract inception due to improved weather conditions during the construction period and therefore an expectation that Casement Limited will complete the entire project earlier than expected.
Requirement Discuss how Casement Limited should allocate the change in the estimated contract price.
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Related Book For
International Financial Accounting And Reporting
ISBN: 9781912350025
6th Edition
Authors: Ciaran Connolly
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