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hello sir this is the accounting standard application question please solve it correctly. 4. XYZ Corporation sells household appliances. Customer B buys a coffee machine
hello sir
4. XYZ Corporation sells household appliances. Customer B buys a coffee machine on credit and promises to pay three months after the date of purchase. A month later, XYZ Corporation learns that the Customer B has lost his job and has not found a new one yet. Discuss whether or not this transaction is considered as a "sale" according to the IFRS 15 Revenue from Contracts with Customers Standard. (25 points) this is the accounting standard application question please solve it correctly.
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