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6. The cash selling price of the merchandise is 27,900. Under PFRS 15, how much revenue should Khaki recognize in pra 18 price of the
6. The cash selling price of the merchandise is 27,900. Under PFRS 15, how much revenue should Khaki recognize in pra 18 price of the merchandise is not dins swever. Khaki has an imputed rate of intens 212 only half of the receivable from the customer has been collected. DESULTORY assessed that 5% of the outstanding balance as of December 31, 20x1 is doubtful of collection How much revenue from the transactions described above shall be included in DESULTORY's statement of profit or loss and other comprehensive income for 20x1? a. 6,000,000 c. 1,900,000 c. 1,100,000 d. 0 5. The Ordessos Company sells goods to a third party via an agent. During 20x8 Ordessos supplies the agent with goods with a sales value of P200,000. The agent charges a commission of 15%. Under PFRS 15 how much revenue should each of Ordessos and the agent recognize in profit or loss for 20X8? Ordessos Agent a. 170,000 25,500 b, 200,000 25,500 c. 170,000 30,000 d. 200,000 30,000 (Adapted) Fact pattern The Khaki Company sells merchandise for P8,000 to a customer or 31 December 20x7. The terms of the sale agreement state thur payment is due in one year's time. Case 1 for the year ended 31 December 20X7? b.7,339 c. Nil d. 8.000
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