Question
A building contractor signed a lump sum contract agreement. The terms of payment were as follows:- a) 3x10 6birr immediately. b) 3x106 every year for
A building contractor signed a lump sum contract agreement. The terms of payment
were as follows:-
a) 3x10 6birr immediately.
b) 3x106 every year for six years (effective from the 1st year on wards)
c) 2106 every year thereafter for six years
If i = 10%, how much is the contract value?
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
