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How much relating to this transaction should anay recognize

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Question - On 1 July 2017, The Anay Company, a manufacturer of office furniture, supplied goods to The Baygon Company for P180,000 on condition that this amount was paid in full on 1 July 2018. Baygon had earlier rejected an alternative offer from Anay whereby they could have bought the same goods by paying cash of P162,000 on 1 July 2017. Under PFRS 15, how much relating to this transaction should Anay recognize in profit or loss in respect of revenue and interest income for the year ended 30 June 2018?

Reference no: EM133176000

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