Given below are scenarios that are independent of each other. Assume the financial year end for all scenarios is on 31 December 2019. Sherry earned an interest of 6% per annum from fixed deposit of Scenario 1 RM20,000 for 15 months on 1 March 2019. Scenario 2 On 29 December 2019, Hanisah purchased for cash a television set from Seng Huat Sdn.Bhd for RM8,500. She wants to give it to her Scenario 3 parents as a gift for their wedding anniversary and the company promises to deliver the product after 5 days time. Scenario 4 Cash amounted RM25,000 was received by the THR GEGAR station to play an advertisement daily 10 times during the morning hour for a period of five months. The cash was received on 1 September 2019 and the advertisements were aired from 1 October 2019. Scenario 5 ANZ Enterprise constructed a chalet for En. Aiman. The construction begins on 1 April 2019 of the current year and expected to take 15 months to complete. The fixed contract price was RM25 million and the estimated total cost to complete the project was RM20 million. Cost incurred to date was RM8,000,000. By the end of the current year, the company had received RM7,000,000 from En. Aiman. On 1 December 2019, Aisa Deco Enterprise received an order to organize a wedding ceremony at cost RM100,000. The wedding will be held on 14 February 2020. By referring to relevant Malaysian Financial Reporting Standard, you are required to: For each scenario: i) State whether revenue can be recognized for the current year. ii) If so, indicate the amount.

Given below are scenarios that are independent of each other. Assume the financial year end for all scenarios is on 31 December 2019. By referring to relevant Malaysian Financial Reporting Standard, you are required to: For each scenario: i) State whether revenue can be recognized for the current year. Given below are scenarios that are independent of each other. Assume the financial year end for all scenarios is on 31 December 2019. By referring to relevant Malaysian Financial Reporting Standard, you are required to: For each scenario: i) State whether revenue can be recognized for the current year