Falmer Co Case Falmer Co also sells a package which gives customers a handset when they sign
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Question:
Falmer Co Case Falmer Co also sells a package which gives customers a handset when they sign a two-year contract for provision of telecommunications services. The handset has a stand-alone price charge of 340 and the telecommunications service contract is for 40 per month. In accordance with IFRS 15 Revenue from Contracts with Customers, what amount will be recognised as revenue on each package in the first year? Your answer is (Answer to nearest . If percentage is needed during calculation, round to two decimal places.]
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