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Question 2 Not yet answered In the year ended 30 June 2020, Roma Ltd (Roma) entered into the following transactions: 1. Roma sold goods with

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Question 2 Not yet answered In the year ended 30 June 2020, Roma Ltd (Roma) entered into the following transactions: 1. Roma sold goods with a sales price of $2,000 each, which related to the sale of goods plus a 12-month servicing contract. Roma sold three of these items on 1 October 2019, and two of these items on 1 April 2020. The revenue is split 75%/25% to the goods and servicing respectively. 2. Roma started selling a new product that it ordered from the supplier on a sale or return basis. If the goods did not sell, Roma could return them to the supplier without penalty. For any goods sold the company received a 10% commission. Roma made $5,000 of gross sales on these products during the financial year. Marked out of 1.00 Flag question How much should Roma recognise for revenue, in accordance with AASB 15 for the year ended 30 June 2020? Select one: a. $9,375 O b. $ 10,500 O c. $8,000 O d. $15,000 O e. $13,875

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