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Question 5 Not yet answered In the year ended 30 June 2020, Roma Ltd (Roma) entered into the following transactions: Roma sold goods with a
Question 5 Not yet answered In the year ended 30 June 2020, Roma Ltd (Roma) entered into the following transactions: 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. Marked out of 1.00 Flag question The revenue is split to the goods and servicing at: 60% goods 40% servicing Which of the following statements are correct? 1) There are two performance obligations in each sales contract 2) The revenue for the year ended 30/06/2020 is $8,200 3) The revenue for the year ended 30/06/2020 is $10,000 4) Roma should recognize deferred revenue relating the sales amounting to $1,800 5) Roma should not recognize any deferred revenue relating to the sales O a. 3) and 5) O b. Only 1) O c. 2) and 4) O d. 1), 2) and 4) O e. 1), 3) and 5)
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