Question: Sam Maybe, an operator enters into a contract which is to provide construction services amounting 100,000. It has been determined that the construction services provided
Sam Maybe, an operator enters into a contract which is to provide construction services amounting 100,000. It has been determined that the construction services provided has a fair value of 110,000. The total cash inflow over the entire contract are fixed by the grantor at 200,000. The finance revenue by using the effective interest rate method is 10,000 over the entire life of the service concession agreement. The total revenue over the life of the contract is? _________________
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