Question: If u may please explain as well from where to get the numbers or inputs... how did u solve it ? Step 3-Determine the Transaction
Step 3-Determine the Transaction Price (cont.) "Example Samsung Company offers its customers a 3% volume discount if they purchase at least S2 million of its product during the calendar year On Manch31, 2017, Sansung has made sales of $700.000to Artic Co. In the previous 2 years, Samsung said over sa.000.000 to Antic in the period April 1 to December 31. How much revenue should Sansung recognize for the first 3 months of 2017? DR: R/R 679, ooo Step 3-Determine the Transaction Price (cont.) "Example Samsung Company offers its customers a 3% volume discount if they purchase at least S2 million of its product during the calendar year On Manch31, 2017, Sansung has made sales of $700.000to Artic Co. In the previous 2 years, Samsung said over sa.000.000 to Antic in the period April 1 to December 31. How much revenue should Sansung recognize for the first 3 months of 2017? DR: R/R 679, ooo
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