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Duplo Ltd sells a dining table to a customer for $700. To encourage early payment for the dining table, Duplo offers the following payment terms:

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Duplo Ltd sells a dining table to a customer for $700. To encourage early payment for the dining table, Duplo offers the following payment terms: 10% discount if payment is received in 10 days 5% discount if payment is received in 20 days Historically, 70 per cent of customers pay within 10 days, 20 per cent of customers pay within 20 days, and the balance of customers pay on the due date. Applying the expected value approach, what is the revenue that Duplo would recognise on the sale of the dining table in accordance with the requirements of AASB 15 Revenue from Contracts with Customers? $490 $644 $700 $630

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