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Intermediate
Scenario
a customer has a material right to a discount on a future pu…
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Which answer best reflects the FR syllabus treatment?
Recognise the full amount immediately in equity because presentation matters do not affect performance.
Ignore the item because the FR exam examines only recognition and never presentation.
treat the material right as a separate performance obligation and allocate transaction price to it.
Recognise the amount only when approved by shareholders after year end.
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