On 10 January 20X2, Grey Dog Limited signed a contract to supply a customer with 1000
baskets. The contract stipulated: - a selling price of C300 per unit; and - a due date for full and
final settlement of 10 February 202. Although Grey Dog Limited delivered all baskets to the
customer on 31 March 20X2, the customer had not yet made any payments by 30 June 202,
being Grey Dog's financial year end. Required: a) Define the terms 'contract asset', 'receivable'
and 'contract liability' and identify the essential difference between each of these terms. b) List
the steps to be followed before revenue may be recognised in terms of IFRS 15 Revenue from
contracts with customers and apply them to the widget contract. c) Show all necessary journals,
together with a brief explanation as to how Grey Dog Limited should account for the information
above, assuming: i) the contract is cancellable. ii) the contract is non-cancellable. Ignore loss
allowances
Matthew Limited manufactures specialised plant and equipment for various customers. On 15
October 20X0, Matthew Limited entered into an agreement with Luke to design and construct a
unique plumbing system, which Luke will then be installing into a unique off-grid property
commonly called an 'earthship'. The contract meets all the necessary requirements to be
considered a 'contract with a customer' in terms of IFRS 15 Revenue from contracts with
customers. The contract price was set at C1 540000. Chapter 4 27 GAAP: Graded Questions
Revenue from contracts with customers The following is a summary of events: - 1 December
200 - design phase complete - 2 January 201 - manufacturing complete - 3 January 201 -
inspection by the council reveals that the plumbing system does not meet strict health and safety
specifications. Matthew Limited commences work to rectify issues identified on the same date. -
8 January 201 - follow-up inspection reveals that the system now meets the health and safety
specifications. On the same date, Matthew Limited signs the paperwork transferring legal title.
All amounts due were settled on this date. Due to delays in the construction of the plumbing
system, Luke requested Matthew Limited retain the plumbing system for a few more days as
Luke was now working on another part of the earthship with the result that it was now currently
inconvenient to take delivery. - Matthew Limited has agreed to store the system in a secure
storage area on its premises. - This storage area is dedicated to storing completed products
awaiting customer collection. - Matthew Limited normally charges monthly storage fees of C10
000, but since Luke is a long-standing and valuable customer, it agreed to waive these fees.
Required: a) Determine (with appropriate discussion) the number of performance obligations in
the original agreement between Matthew Limited and Luke. b) Explain, using the 5-step process
in IFRS 15, how Matthew Limited should account for this contract in its financial statements for
the year end.
UK Adjudicators are an Adjudicator Nominating Body (ANB) for the United Kingdom and International construction and engineering industries.
www.ukadjudicators.co.uk
UK Adjudicators September 2019 newsletter discussing construction adjudication around the world with a look at the UK, Singapore and Australia in this edition.
UK Adjudicators are a leading Adjudicator Nominating Body (ANB )for the construction and engineering industries.
Panel members include retired judges, solicitors, barristers, engineers, surveyors and architects.
Asia Counsel Insights provide readers an update on legal and business developments in Vietnam.
In this edition we provide a summary of the changes to Vietnam's Intellectual Property Law; regulations to facilitate a carbon market in Vietnam; update on Vietnam's energy policy mix.
UK Adjudicators are an Adjudicator Nominating Body (ANB) for the United Kingdom and International construction and engineering industries.
www.ukadjudicators.co.uk
UK Adjudicators September 2019 newsletter discussing construction adjudication around the world with a look at the UK, Singapore and Australia in this edition.
UK Adjudicators are a leading Adjudicator Nominating Body (ANB )for the construction and engineering industries.
Panel members include retired judges, solicitors, barristers, engineers, surveyors and architects.
Asia Counsel Insights provide readers an update on legal and business developments in Vietnam.
In this edition we provide a summary of the changes to Vietnam's Intellectual Property Law; regulations to facilitate a carbon market in Vietnam; update on Vietnam's energy policy mix.
Recent UK court judgments shed light on the application and interpretation of some of the NEC3 ECC and PSC clauses. Hong Kong has adopted the NEC3 contract for almost a decade. Users should be aroused of their contractual rights and potential pitfalls to avoid disputes.
UK Adjudicators are the largest multi-disciplinary adjudicator nominating panel in the United Kingdom.
We offer free adjudicator nominations and also a capped fee scheme
UK Adjudicators are an adjudicator nominating body for construction disputes and have the largest multi-disciplinary panel of adjudicators in the United Kingdom.
February 2019 newsletter of UK Adjudicators.
MACOB 20 years on
NSW adjudication
Hong Kong adjudication
2019 Edinburgh Adjudication and Arbitration Conference
Bresco Electrical Services Ltd v Michael J Lonsdale (Electrical) Ltd [2019] EWCA Civ 27 (24 January 2019)
A copy of the lawsuit filed by the city of Pikeville against cable provider Suddenlink, alleging the company is in default on penalties owed due to violations of its franchise agreement with the city.
Sean Gibbs has over 20 years experience in advising parties using statutory adjudication in the construction and engineering industries. In this article he looks at the importance of the first enforcement case and what he would like to see changed to improve the access and benefits adjudication to a wider range of parties.
On April 19, 2021, Millipede Machinery sold a tractor to Thomas Hartw.pdfamcointernationaljam
On April 19, 2021, Millipede Machinery sold a tractor to Thomas Hartwood, accepting a note
promising payment of $280,000 in five years. The applicable effective interest rate is 8%. (FV of
$1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) (Use appropriate factor(s)
from the tables provided.) What amount of sales revenue would Millipede recognize on April 19,
2021, for the Hartwood transaction? (Round your final answer to nearest whole dollar.)
1 in A+ ad
TABLE 2 Present Value of $1n,$1
TABLE 3 Future Value of an Ordinary Annuity of $1FVA=i(1+i)n1
BLE 4 Present Value of an Ordinary Annuity of $1.
Olease report on all requested information below and submit to the Sc.pdfamcointernationaljam
Olease report on all requested information below and submit to the Science Team Leader. The
Science Team -eader will then aggregate all reports for submission to Mission Control. 1. What
was the protein sequence for the FOXP2 gene from Taeniopygia guttata. How similar or
different was it than the protein from Strideo magna? 2. How similar or different were the gene
sequences for the genes for Taeniopygia guttata and Strideo magna? How many bases were
different? Were there any bases that you couldn't be sure of in any of the codons? Why? Would
that variation in bases affect the overall sequence of amino acids in the protein? 3. Why would a
similarity in genes indicate a shared evolutionary history? 4. What are the roles of mRNA, tRNA
and rRNA in translation? 5. What role does mutation play in the evolution of a species and the
development of new characteristics?.
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Recent UK court judgments shed light on the application and interpretation of some of the NEC3 ECC and PSC clauses. Hong Kong has adopted the NEC3 contract for almost a decade. Users should be aroused of their contractual rights and potential pitfalls to avoid disputes.
UK Adjudicators are the largest multi-disciplinary adjudicator nominating panel in the United Kingdom.
We offer free adjudicator nominations and also a capped fee scheme
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MACOB 20 years on
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A copy of the lawsuit filed by the city of Pikeville against cable provider Suddenlink, alleging the company is in default on penalties owed due to violations of its franchise agreement with the city.
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On April 19, 2021, Millipede Machinery sold a tractor to Thomas Hartw.pdfamcointernationaljam
On April 19, 2021, Millipede Machinery sold a tractor to Thomas Hartwood, accepting a note
promising payment of $280,000 in five years. The applicable effective interest rate is 8%. (FV of
$1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) (Use appropriate factor(s)
from the tables provided.) What amount of sales revenue would Millipede recognize on April 19,
2021, for the Hartwood transaction? (Round your final answer to nearest whole dollar.)
1 in A+ ad
TABLE 2 Present Value of $1n,$1
TABLE 3 Future Value of an Ordinary Annuity of $1FVA=i(1+i)n1
BLE 4 Present Value of an Ordinary Annuity of $1.
Olease report on all requested information below and submit to the Sc.pdfamcointernationaljam
Olease report on all requested information below and submit to the Science Team Leader. The
Science Team -eader will then aggregate all reports for submission to Mission Control. 1. What
was the protein sequence for the FOXP2 gene from Taeniopygia guttata. How similar or
different was it than the protein from Strideo magna? 2. How similar or different were the gene
sequences for the genes for Taeniopygia guttata and Strideo magna? How many bases were
different? Were there any bases that you couldn't be sure of in any of the codons? Why? Would
that variation in bases affect the overall sequence of amino acids in the protein? 3. Why would a
similarity in genes indicate a shared evolutionary history? 4. What are the roles of mRNA, tRNA
and rRNA in translation? 5. What role does mutation play in the evolution of a species and the
development of new characteristics?.
On April 3, 2000 Judge Thomas Penfield Jackson issued his conclusions.pdfamcointernationaljam
On April 3, 2000 Judge Thomas Penfield Jackson issued his conclusions of law regarding the
US vs Microsoft case. In his ruling, which was largely favorable to the plaintiff, Judge Jackson
stated that Microsoft had monopoly power and taken actions to crush attempts to challenge such
monopoly power. On June 7, he also ordered a rather severe remedy: the breakup of Microsoft
into two companies, one offering the Windows operating system and one offering other software
products. Was this to be the end of a twenty four year success story? Microsoft Corporation Soon
after dropping out of Harvard University, Bill Gates (with Paul Allen) founded Microsoft
Corporation on April on 4, 1975 in Albuquerque, New Mexico. During its first few years, the
company wrote a variety of software for Apple and other computer manufacturers. Microsoft's
first real successful product was the Disk Operating System (DOA), which it purchased in 1981
from Seattle Computer Products and was used in IBMs newly developed personal computer. In
November 1985 Microsoft released the first version of Windows, originally a graphical
extension of MS-DOS. Windows 95, which was launched ten years later, sold more than a
million copies in the first four days. As of 2008 , Microsoft employed a workforce of about
90,000 and grossed over $60 billion in sales. Per-processor fees Microsoft's legal problems in the
US started as early as in 1991, when the Federal Trade Commission opened an inquiry into the
software firm's actions in the PC operating system. Microsoft's MS-DOS operating system was
then competing with other versions of DOS, mostnotably DRI-DOS, as well as otheroperating
systems, such as the MacOS. Microsoft clearly dominated this market, but DRI-DOS's market
share was increasing rapidly. In addition to its operating system (MS-DOS and then Windows),
Microsoft also sold a variety of applications software, such as Word. Here the competition
consisted of thirdparty applications software that ran on Microsoft's OS (e.g., Word Perfect).
Possibly reacting to competitor threats to its dominance, Microsoft engaged in a series of pricing
strategies that were nothing less than brilliant. First, it forced original equipment manufacturers
(that is, desktop computer makers such as Hewlett Packard or Compaq) to pay Microsoft a fee
per computer processor sold regardless of whether such processor was shipped with MS-DOS or
with any other operating system. Second, Microsoft pressed OEM's to purchase a bundle of
products (tied sales) in a way that effectively disadvantaged third-party suppliers who could only
offer one of the products offered by Microsoft.
The FTC investigation was about these allegedly anti-competitive practices. In 1993 , the
commissioners deadlocked in a 2-2 vote and closed the investigation. However, soon after the
FTC stalemate the Department of Justice (DoJ) opened its own investigation. Differently from
the FTC, the DOJ considered Microsoft's practices to be anticompetitive.
oints] Given X has the following distribution with parameters and . .pdfamcointernationaljam
oints] Given X has the following distribution with parameters and . f(x)=(2)(2)1x(2)1ex/,x>0
Find moment generating function for the random variable X. Find mean for the random variable
X. Find variance for the random variable X..
On April 19, 2011, system administrators at Sonys On April 22, Sony .pdfamcointernationaljam
On April 19, 2011, system administrators at Sony's On April 22, Sony informed the FBI of the
potential online gaming service PlayStation Network (PSN), with massive data leakage. On April
26, Sony notified the 40 over 77 million users, began to notice suspicious activity states that have
legislation requiring corporations to on some of its 130 servers spread across the globe and
announce their data breaches (there is no similar federal 50 software programs. The PlayStation
Network is used law at this time), and made a public announcement that by Sony game machine
owners to play against one hackers had stolen some personal information from all another, chat
online, and watch video streamed over the 77 million users, and possibly credit card information
internet. The largest single data breach in Internet from 12 million users. Sony did not know
exactly what On April 20, Sony engineers discovered that some The hackers corrupted Sony's
servers, causing them to history was taking place. data had likely been transferred from its
servers to mysteriously reboot. The rogue program deleted all log outside computers. The nature
of the data transferred files to hide its operation. Once inside Sony's servers, the was not yet
known but it could have included credit card rogue software transferred personal and credit card
and personal information of PlayStation customers. information on millions of PlayStation
users, On May 2. Because of the uncertainty of the data loss, Sony shut. Sony shut down a
second service, Sony Online down its entire global PlayStation network when it real-
Entertainment, a San Diego-based subsidiary that makes ized it no longer controlled the personal
information multiplayer games for personal computers. Sony believed contained on these
servers.
The tocal Secy data frracb now sumben oner too of secutaly, whatener it wis, ther believe in wai
Aacker. Acoording to Song, hackers kel a lees file are kecion. Anorg moev is the thame of an
leierset collactive of hackites and wigilandes whose mocto is "We was Google' haman teiources
department. had attacked MasterCatd and ceher onchuary serven in the Purdon Whionity Ccoter
for Baducation and retaliation for curtina their financiel irlationihipi with Wesearch in
Iaformation Assurance and Secuiricy Widibeaks a Web site drvoted to releationg secret Amer-
(CE.R1AS). Gild the problem at Soay was that ele ican poverment filek. PlaySiation Netwek was
asing an oldcr verviot of Socy and cehers believe the hacktr atrack. which Apache Web server
loftware, which has well knoon follownd wecks of a denial-of iervice atiack on the same lecurity
iswes. In astition. Sony's Wob site had uet) Soey servers. was netaliation by Anogymoer for
Sony's poor fifen all pectection. He said the pecblemi wit civil seit a paint Gicoge flote, ooe of
the world's beit fepotied on an open foriam months before the incidetik x. known hackers. Holte
cracked the iFhnoe operationg US. Secret Servise agcet told the comminise thail.
office Green Employee Training Communication Plan- In Course 3 - P.pdfamcointernationaljam
office Green Employee Training Communication Plan
- In Course 3 - Project Planning: Putting it all together (Week 5) - Part 1 - Complete following
Activities: Draft a communication plan and Activity Exemplar: Draft a communication plan
Activity: Draft a communication plan Practice Quiz 5 questions (B) Activity Exemplar: Draft a
communication plan Reading 10min - Part 2 - Now that you have some practice, using the same
activity communication plan template, create a plan for the following project scenario below. -
You have been hired by a small business to assist with improving their overall Cybersecurity
posture. Your project scope are as follows: - Conduct a risk assessment: Identify potential
vulnerabilities and risks to the business's data and systems, including its network, software, and
hardware. - Develop a cybersecurity plan: Develop a plan to mitigate identified risks, including
measures such as firewalls, intrusion detection systems, and patch management. - Implement the
plan: Implement the cybersecurity plan and ensure that all employees are aware of and trained on
the new policies and procedures. - The project is expected to take 6 months to completion. -
Your primary stakeholders are - Exec Leadership team, IT Infrastructure team, Governance,
Risk, and Compliance team. Secondary stakeholders are - HR, Finance \& Accounting, Sales,
Operations, Marketing, IT Auxiliary teams, Legal, \& Engineering. - Put together a
communication plan using the activity template provided in Coursera.
Oick the icon to view the rating valoes table. Click the icon to vinw.pdfamcointernationaljam
Oick the icon to view the rating valoes table. Click the icon to vinw the performance invels table
a. The weighted performance ssore for Carser A is (Enter your mosponse rounded to one decimal
place) The woightied performanen smore for Carter B is (Enter your response rounded to one
decimal place) The weighted performanc Carrier is the best b. Recalculate the woight dechmal
placel) Camer is the best More Info (anter your masoonses rounced to one More Info.
On a nationwide test taken by high school students, the mean score wa.pdfamcointernationaljam
On a nationwide test taken by high school students, the mean score was 47 and the standard
deviation was 12 . The scores were normally distributed. Complete the following statements. (a)
Approximately 68% of the students scored between and (b) Approximately of the students
scored between 23 and 71..
Of the conditions and disorders that the United States recommends all.pdfamcointernationaljam
Of the conditions and disorders that the United States recommends all children be screened for,
the two with the highest annual incidence are: A. Phenylketonuria (PKU) B. Hearing loss C.
Sickle cell anemia D. Cystic fibrosis E. Primary congenital hypothyroidism Choose one best
answer. B&EA&BC&EB&CD&E.
Nicholas Copernicus introduced to astronomy a new model of the heaven.pdfamcointernationaljam
Nicholas Copernicus introduced to astronomy a new model of the heavens known as the
heliocentric model (where he held the Sun in a fixed position rather than Earth). Copernicus's
heliocentric system was not born in isolation father it was the integration of many views, models
and theorems that had preceded and greatly influenced its author. He was motivated by the flaws
he discovered in the Ptolemaic Greek astronomical models to develop a new system free of such
inadmissible mistakes. He devoloped a mathernatically harmonious systerm in a sense that he
eliminated the arbitrary mathematical representations of the Ptolomaic Greek system. II was this
mathematical harmony that made Copernicus's work credible in the eyes of his colleagues in the
16hn century (not that he held the Sun fixed). They demonstrate Copernicus's indebtedness to
earlier Istamic astronomers who preceded him in developing the mathematical theorems that he
used. This is illustrated by the centrality and the degree of assimilation of these theorems and
models in his work. Three important Muslim astronomers are important in relation to
Copemicus: Nasir al-Din al-Tusi, Mu'ayyad al-Din al-Urdi and lbn al-Shatir. Research the
connections between one of these Muslim astronomers and Copernicus, and discuss the
importance of the work of al-Tusi, al-Urdi andlor lbn al-Shatir as a stepping stone in the
development of mathematical astronomy..
Next TWO questions are related to the following sample data ane, a s.pdfamcointernationaljam
Next TWO questions are related to the following sample data: ane, a statistics student, wants to
build a confidence interval with a 95% confidence level for the mean commuting distance of all
IUPUI students. She selects a random sample of students and obtains the following commuting
distance data. The data show the distance from the student.
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Naturally occurring boron consists of 2 isotopes the 10B (atomic mass 10.013amu ) is at 20%6
abundant. Another isotope of boron also exists. What is the mass of that boron isotope? (10pts).
New research on the tree of life has suggested a shift from the class.pdfamcointernationaljam
New research on the tree of life has suggested a shift from the classic three domains of life
hypothesis. (Bacteria, Archaea, Eukarya). Which of the following are currently thought to be
true? [select two] Eukaryotic nuclear genomes share a more recent common ancestor with
present day archea than with present day bacteria The ancestor of plants has undergone three
separate endosymbiosis events Bacteria and Archaea are not related Eukaryotic mitochondrial
genomes share a more recent common ancestor with present day bacteria than with present day
archaea.
Next TW0 questions are related to the following sample data lane, a .pdfamcointernationaljam
Next TW0 questions are related to the following sample data: lane, a statistics student, wants to
build a confidence interval with a 95% confidence level for the mean commuting distance of all
IUPUI students. She selects a random sample of students and obtains the following commuting
distance data. The data show the distance from the student residence to the cambus in milec) 9.
Nematodes lack which trait that is present in almost all bilaterians.pdfamcointernationaljam
Nematodes lack which trait that is present in almost all bilaterians? a Non-ciliated epidermis and
cuticel Ecydysis A nervous system Bilateral body symmetry Circular muscles Question 2
Nematodes and Tardigrades are both pseudocoelomates, which means that: Their coeloms form
by "pinching" enterocoely They lack mesoderm The pseudocoelom can be used to transport food
and waste around the body They have no excretory system They do not undergo gastrulation.
Net income was $206,500 for the year. Throughout the year the company.pdfamcointernationaljam
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14,000 shares of $2.00, $100 par value preferred stock and 105,000 shares of common stock.
Required: Calculate basic earnings per share of common stock for the year. Note: Round
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Natural Climate Change - Be able to explain differences between weather \& climate - Be able
to explain Milankovitch cycles (referencing eccentricity, obliquity, \& precession) \& how these
cycles impact insolation - Know how proxy data \& oxygen isotopes is used to understand
climate - Know how (glacial / interglacial periods) \& (hot-house / ice-house) conditions
influenced global climate and temperature.
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Nanial ano 28 ic cinclo and hac the followinn inromo and ovnoncoc in 2073 .
What is Daniel's gross income and his AGI? Gross income: $ AGI: $ b. Should Daniel itemize
his deductions from AGI or take the standard deduction? Because Daniel's total itemized
deductions (after any limitations) are $ he would benefit from.
Need help with all parts (4) X is a normal variable with expectati.pdfamcointernationaljam
Need help with all parts (4) X is a normal variable with expectation E[x]=6 and varance x2=25
(retering to normal distribution). Use table. a) Find P{1.
Nash Inc s EPS is $7.27 and its dividend payout ratio is 0.7 . If th.pdfamcointernationaljam
Nash Inc 's EPS is $7.27 and its dividend payout ratio is 0.7 . If the company reinvests all
retained earnings in new projects with expected return of 18%, what is its constant future
dividend growth rate? Enter your answer as a decimal and show four decimal places. For
example, if your answer is 4.5%, enter .0450..
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
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On 10 January 20X2, Grey Dog Limited signed a contract to suppl.pdf
1. On 10 January 20X2, Grey Dog Limited signed a contract to supply a customer with 1000
baskets. The contract stipulated: - a selling price of C300 per unit; and - a due date for full and
final settlement of 10 February 202. Although Grey Dog Limited delivered all baskets to the
customer on 31 March 20X2, the customer had not yet made any payments by 30 June 202,
being Grey Dog's financial year end. Required: a) Define the terms 'contract asset', 'receivable'
and 'contract liability' and identify the essential difference between each of these terms. b) List
the steps to be followed before revenue may be recognised in terms of IFRS 15 Revenue from
contracts with customers and apply them to the widget contract. c) Show all necessary journals,
together with a brief explanation as to how Grey Dog Limited should account for the information
above, assuming: i) the contract is cancellable. ii) the contract is non-cancellable. Ignore loss
allowances
Matthew Limited manufactures specialised plant and equipment for various customers. On 15
October 20X0, Matthew Limited entered into an agreement with Luke to design and construct a
unique plumbing system, which Luke will then be installing into a unique off-grid property
commonly called an 'earthship'. The contract meets all the necessary requirements to be
considered a 'contract with a customer' in terms of IFRS 15 Revenue from contracts with
customers. The contract price was set at C1 540000. Chapter 4 27 GAAP: Graded Questions
Revenue from contracts with customers The following is a summary of events: - 1 December
200 - design phase complete - 2 January 201 - manufacturing complete - 3 January 201 -
inspection by the council reveals that the plumbing system does not meet strict health and safety
specifications. Matthew Limited commences work to rectify issues identified on the same date. -
8 January 201 - follow-up inspection reveals that the system now meets the health and safety
specifications. On the same date, Matthew Limited signs the paperwork transferring legal title.
All amounts due were settled on this date. Due to delays in the construction of the plumbing
system, Luke requested Matthew Limited retain the plumbing system for a few more days as
Luke was now working on another part of the earthship with the result that it was now currently
inconvenient to take delivery. - Matthew Limited has agreed to store the system in a secure
storage area on its premises. - This storage area is dedicated to storing completed products
awaiting customer collection. - Matthew Limited normally charges monthly storage fees of C10
000, but since Luke is a long-standing and valuable customer, it agreed to waive these fees.
Required: a) Determine (with appropriate discussion) the number of performance obligations in
the original agreement between Matthew Limited and Luke. b) Explain, using the 5-step process
2. in IFRS 15, how Matthew Limited should account for this contract in its financial statements for
the year ended 28 February 201. c) Explain how your answer to (b) would change if Luke
requested Matthew Limited to store the plant for a 6-month period ending 30 June 201 (i.e. not
just for a few days). Ignore loss allowances
