P182 Modification of Contract Allocate Transaction Price Refer to the revenue arrangement in P181 Instructions Consider the following information and respond to the requirements indicated a In response to competitive pressures for the Internet access service for Bundle A at the end of the second year of the 4year contract Tablet Tailors offers a modified contract and extension incen tive The extended contract services are similar to those provided in the first 2 years of the contract Signing the

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Objective of IAS 11 The objective of IAS 11 is to prescribe the accounting treatment of revenue and costs associated with construction contracts What ... View the full answer