Accounting · Revenue Recognition
Derringdo Co sells a package which gives customers a free laptop when they sign a two-year contract for the provision of broadband services. The laptop has a stand-alone price of $200 and the broadband contract is for $30 per month. In accordance with IFRS 15 Revenue from Contracts with Customers, what amount will be recognised as revenue on each package in the first year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$158
- 2$281
- 3$439✓
- 4$461
Correct answer
$439
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