Question: Use the following information to answer question 1 3 : Panyapanya Ltd and a customer entered into a contract on 1 January 2 0 2
Use the following information to answer question :
Panyapanya Ltd and a customer entered into a contract on January for the sale of'g of bicycles to the latter, to be delivered over nine months. The transaction price of the bicycles at the contract date was R each. Over the nine months, the bicycles were to be delivered to the customer at different intervals.
Both the supplier and the customer decided to modify the original contract on June although Panyapanya Ltd had already delivered bicycles as per the original agreement to the customer at this point. The modified contract included the delivery of an additional bicycles at a price of R each. The bicycles that Panyapanya Ltd sold are distinct goods, regularly sold, and their pricing at the time of the contract reflected the contract's standalone price.
QUESTION :
According to the contract, how much revenue will be recognised from the date of modification of contract?
R
R
R
R
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