【每日一练】CFA 一级(2015年)
Question:
A company that uses International Financial Reporting Standards (IFRS) entered into a three-year construction project with a total contract price (all figures in thousands) of $5,300 and expected costs of $4,400. At inception, the outcome of the contract could not be reliably measured, but the company did expect to recover its costs. Actual results are shown in the following table:
The amount of revenue (in thousands) the company recognized in Year 2 was closest to:
A. $0.
B. $2,409.
C. $2,000.
Answer = C
Under IFRS, if the outcome of the contract cannot be reliably measured, but the company expects to recover its costs, then revenue may be recognized to the extent of the contract costs incurred. In Year 2, the costs incurred were $2,000 thousand, thus, the revenue would also be $2,000 thousand and the gross profit would be $0.
CFA Level I
"Understanding Income Statements," Elaine Henry and Thomas R. Robinson
Section 3.2.1
19年12月-22年6月考季的考生,助力通过金融第一考 |
||
权威名师倾情打造,助力通过金融第一考 |
||
为零基础学员提供学习指导 |
更多精彩: