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Resolves the following exercise: A company receives 100 for the sale of an item of inventory. This amount includes a 25% sales tax in the
Resolves the following exercise: A company receives 100 for the sale of an item of inventory. This amount includes a 25% sales tax in the cost which will be payable to tax collection agencies. The company sells other items from inventory on behalf of an agent which will retain only 10% of charge by Commission of the selling price. Identifies the revenue for the company in both cases, applying the definition of IAS 18.
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