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French Taste, a new cafeteria that opened near the University of Melbourne recently, offers loyalty discounts to students from the University as a means to

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French Taste, a new cafeteria that opened near the University of Melbourne recently, offers loyalty discounts to students from the University as a means to increase sales and to encourage loyalty. The loyalty program allows customers to obtain 1 cup of coffee free after they have purchased the 5th coffee. The price of a cup of coffee is $4.00. In accordance with AASB15 Revenue from contracts with customers, prepare the accounts for French Taste when the 6th cup of coffee is provided for free with the loyalty program. French Taste, a new cafeteria that opened near the University of Melbourne recently, offers loyalty discounts to students from the University as a means to increase sales and to encourage loyalty. The loyalty program allows customers to obtain 1 cup of coffee free after they have purchased the 5th coffee. The price of a cup of coffee is $4.00. In accordance with AASB15 Revenue from contracts with customers, prepare the accounts for French Taste when the 6th cup of coffee is provided for free with the loyalty program

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