reporting practice. 3. What is the amount of regular ticket sales revenue to be recognized in Year 1? A $2.850.000 C. $2.900,000 B. $2.950,000 D. $3,000,000 4. What is the amount of revenue to be recognized in Year 1 from provid free flights? A $35.000 C. $50.000 B. $37.500 D. $100,00 Mongolomerate Inc., a company that adheres to IFRS in it accounting and reporting practice, became involved in a ta dispute with national tax authority. Mongolomerate's lega counsel indicates that there is a 90 percent chance that the company will lose this dispute and estimates that the amo Mongolomerate will have to pay is between $5,000,000 an $10,000,000, with all the amounts in that range being equi likely. What amount, if any, should Mongolomerate recog as a provision related to this tax dispute? C. $7,000,000 B $5,000,000 D. $7,500,000 6. BA Co., a company that adheres to IFRS in its accounti and reporting practice, has the following items at Decemb 31, Year 1: @ S1,200,000,5% notes payable, due on March 15, Year 2. BA had completed the transaction to refinance note with the bank for two years, on December 28, Year 1. $6,000,000,4% bonds payable, due on December 31, Year However, BA has violated an agreement with the bondhold to maintain a minimum balance in retained camins which