How much revenue should Sansung recognize for the first 3 months of 2019?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Facts: Sansung Company offers its customers a 3% volume discount if they purchase at least
¥2 million of its product during the calendar year. On March 31, 2019, Sansung has made sales
of ¥700,000 to Artic Co. In the previous 2 years, Sansung sold over ¥3,000,000 to Artic in the
period April 1 to December 31.
Questions: How much revenue should Sansung recognize for the first 3 months of 2019?
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