Price 12,000, 50% complete, 3,600 already recognised. Revenue this year?
A1,800
B3,600
C6,000
D2,400
Answer & Solution
Correct answer: D. 2,400
Cumulative revenue is 50% of 12,000 = 6,000; subtracting the 3,600 booked earlier leaves 2,400.
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