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Bắt đầu vào lúc Thứ tư, 1 Tháng mười hai 2021, 2:21 PM State Finished Kết thúc lúc Thứ tư, 1 Tháng mười hai 2021, 2:23 PM Thời gian thực hiện 2 phút 1 giây Điểm 10,00 out of 10,00 ( 100 %)
Câu Hỏi 1 Hoàn thành Đạt điểm 0,50 trên 0,
ABC Company o ers a 12-month superfast broadband and modem equipment to customers for $300,
prepaid. Modem if purchased separately will cost $40, bandwidth package if purchased separately costs
$25/month. When is the transaction price allocated to the package providing bandwidth to the customer?
a. As soon as receive the prepayment of $300 from customer b. At the end of 12 months c. Immediately record $ 40 at the beginning of the contract with the customer, the rest is recorded over the time of the contract d. Gradual recognition over a 12-month period 1 31191026211 - Hà Mai Cường Nhà của tôi Các khoá học của tôi IA I - 21C1ACC50705505 - TRAN THI PHUONG THANH (OCT-DEC.21) Topic 10. Provisions, contingencies IAS 37 Quizzes (Updated Aug 2021)
The retailer sells treadmills for $1,500 each and o ers a 30% coupon to purchase another sports equipment
in-store within 1 month of the treadmill purchase. Based on sales experience, the retailer estimates that
90% of customers will choose to purchase from this coupon and an estimated $1,000 will be sold from this
coupon. Revenue recognized on the date of delivery of the treadmill will be:
a. $1, b. $1, c. $1, d. $
Câu Hỏi 3 Hoàn thành Đạt điểm 0,50 trên 0,
According to IFRS 15, how many steps are there in accounting for revenue from contracts with customers?
a. 6 b. 5 c. 3 d. 4
Câu Hỏi 4 Hoàn thành Đạt điểm 0,50 trên 0,
Light Company specializes in the production of wall lamps. In order to expand market share for existing LED
products and introduce new NeoLed products, Light Company conducts the promotion "Buy 1 get 1 free".
Speci cally, buy one Led bulb worth 200,000 VND and get 1 NeoLed light for free. The usual selling price of
Led lights is 200,000 VND, while the selling price of NeoLed lights has not been determined. On the market,
the selling price of a product line similar to another company's NeoLed is 40,000 VND. According to IFRS 15,
the revenue for the sale of 10 LED bulbs during the promotion is:
a. 2,000, b. Other opinion c. 333, d. 1,666,
Accounting service company X signed a contract to provide accounting services and prepare nancial
statements for Y for 4 years for a fee of $500,000. X incurs the cost of purchasing accounting software to
treat Y accounting for $5,000. Accounting software recognized by X is:
a. Service revenue b. Expenses incurred during the period c. Intangible assets d. Contract asset
Câu Hỏi 9 Hoàn thành Đạt điểm 0,50 trên 0,
XY Company signed a contract to build a property for customers with a consideration of $20 million. If
construction is completed on time, XY will receive a $5 million reward from the customer. There is a 90%
chance the construction is completed on time. What is the transaction price related to the above contract?
a. $24.5 mil b. $20 mil c. $18 mil d. $25 mil
Câu Hỏi 10 Hoàn thành Đạt điểm 0,50 trên 0,
On July 1, 20x1, company P signed a contract to provide telecommunications services to X for a fee of
$100,000 for 12 months and a free connection device. This device has a market price of $5,000 and the price
of telecommunications service provided without the device is $10,000/month. Connection device may be
available from other telecommunications providers. Total revenue recorded in July will be:
a. $5, b. $12, c. $8, d. $4,
The main principle of IFRS 15 is that the entity will recognize (1) when transfer (2) to the customer and
receive the amount of re ection (3) that it expects.
a. (1) revenue; (2) goods; (3) consideration b. (1) revenue; (2) goods or services; (3) consideration c. (1) revenue; (2) goods or services; (3) the price of the good or service d. (1) income; (2) goods or services; (3) consideration
Câu Hỏi 12 Hoàn thành Đạt điểm 0,50 trên 0,
Which of the statements is not true in recognizing revenue in accordance with IFRS 15?
a. Transfers of goods will typically be recognized at a point in time b. When a licence is a right to access the entity’s intellectual property throughout the licence period, revenue is recognized over time c. Revenue is recognized when the customer obtains control of the good or service d. Revenue may not be recognized when not all signi cant risks and rewards have been transferred to a third party
Câu Hỏi 13 Hoàn thành Đạt điểm 0,50 trên 0,
Contract assets and receivables contract should be accounted for according to:
a. IFRS 16 Leases b. IFRS 4 Insurance Contracts c. IFRS 15 Revenue from Contracts with Customers d. IFRS 9 Financial Instruments
According to IFRS 15, revenue will be recognized:
a. Over a period of time b. At a point of time or over a period of time depending on the enterprise's choice c. At a point of time or over a period of time depending on the content of the contract with the customer d. At a point of time
Câu Hỏi 18 Hoàn thành Đạt điểm 0,50 trên 0,
Which of the following is an adjustment to a contract that is accounted for as a separate contract?
a. The goods added are not di erent from the goods in the original contract b. The value of the contract increases in proportion to the market price of the added goods c. The added goods are distinct from those in the original contract, and the value of the contract increases in proportion to the market price of the added goods. d. The additional goods are distinct from the original contract goods and the increased contract value is less than the stand-alone sale price of the additional goods.
Câu Hỏi 19 Hoàn thành Đạt điểm 0,50 trên 0,
Light Company specializes in the production of wall lamps. In order to expand market share for existing LED
products and introduce new NeoLed products, Light Company conducts the promotion "Buy 1 get 1 free".
Speci cally, buy one Led bulb worth 200,000 VND and get 1 NeoLed light for free. The usual selling price of
Led lights is 200,000 VND, while the selling price of NeoLed lights has not been determined. On the market,
the selling price of a product line similar to another company's NeoLed is 40,000 VND. In this contract, how
many performance obligations under IFRS 15?
a. 1 b. 3 c. 2 d. 4
Company AB signs a contract to supply 100,000 bottles of cosmetics to company XY at $1,000/bottle and
gives customers 500 lipsticks for buying in bulk. AB is committed to refunding the money for the cosmetic
bottles that do not meet the quality. What performance obligations does AB have in the contract?
a. 3 b. 4 c. 1 d. 2
◄ Recording (Vi) Chuyển tới...
Topic 11 - Revenue from contract with customers (IFRS 15) ►
