Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Entity A is a listed company in Hong Kong. It sells 3D printers. It also offers installation and technical support services to its clients. The

image text in transcribed

Entity A is a listed company in Hong Kong. It sells 3D printers. It also offers installation and technical support services to its clients. The stand-alone selling prices of each product are shown below. The sale price of a 3D printer is $230,000. The installation service price is $120,000 and the one year's technical support service price is $150,000. Entity B bought a 3D printer including installation and technical support services on 1 June 2020 and was charged a reduced price of $450,600. Entity A only reduces its price when customers purchase a package of products together. REQUIRED: Measure the revenue earned from Entity B for the year ended 31 March 2021. ANSWER: Revenue = $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Measuring Business Interruption Losses And Other Commercial Damages An Economic Approach

Authors: Patrick A. Gaughan

3rd Edition

1119647916, 9781119647911

More Books

Students also viewed these Accounting questions

Question

How to obtain financial information about companies?

Answered: 1 week ago

Question

=+b) In which graph is a larger value of a used?

Answered: 1 week ago

Question

What are the organizations task goals on this issue?

Answered: 1 week ago