Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



Tags
#cfa-level-1 #reading-25-understanding-income-statement #revenue-recognition
Question
For installment sales, IFRS separate the installments into the sale price, which is [...], and an interest component.
Answer
the discounted present value of the installment payments

Tags
#cfa-level-1 #reading-25-understanding-income-statement #revenue-recognition
Question
For installment sales, IFRS separate the installments into the sale price, which is [...], and an interest component.
Answer
?

Tags
#cfa-level-1 #reading-25-understanding-income-statement #revenue-recognition
Question
For installment sales, IFRS separate the installments into the sale price, which is [...], and an interest component.
Answer
the discounted present value of the installment payments
If you want to change selection, open original toplevel document below and click on "Move attachment"

Parent (intermediate) annotation

Open it
For installment sales, IFRS separate the installments into the sale price, which is the discounted present value of the installment payments, and an interest component.

Original toplevel document

3.2.2. Installment Sales
rvices are rendered, independent of the period in which cash payments for those goods or services are received. This principle applies even to installment sales —sales in which proceeds are to be paid in installments over an extended period. <span>For installment sales, IFRS separate the installments into the sale price, which is the discounted present value of the installment payments, and an interest component. Revenue attributable to the sale price is recognized at the date of sale, and revenue attributable to the interest component is recognized over time.18 International standards note, how

Summary

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Details

No repetitions


Discussion

Do you want to join discussion? Click here to log in or create user.