Allocate Price - Learning Question
Cow sells a product for its normal retail price of $19,000.
It comes with a free service at the end of Year 1 (This normally costs $1,000)
Required:
Explain how IFRS 15 is applied to the transaction
Cow sells a product for its normal retail price of $19,000.
It comes with a free service at the end of Year 1 (This normally costs $1,000)
Required:
Explain how IFRS 15 is applied to the transaction