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Nhà của tôi  Các khoá học của tôi  KTQT1_B1402_MonAft_HKC2022  Topic 11. Revenue from contract with customers
 Quizzes-topic 11

Bắt đầu vào lúc Thứ hai, 7 Tháng 11 2022, 7:25 AM

Trạng thái Đã xong
Kết thúc lúc Thứ hai, 7 Tháng 11 2022, 7:27 AM
Thời gian thực hiện 1 phút 40 giây
Điểm 10,00 trên 10,00 (100%)

Câu Hỏi 1 Hoàn thành Đạt điểm 1,00 trên 1,00

A contract does not exist if …

Select one or more:

a. Each party to the contract has the unilateral enforceable right to terminate a wholly unperformed contract
without compensating the other party

b. The contract has no fixed duration and can be terminated or modified by either party at any time

c. The parties of the contract have reached unanimous consent regarding termination of the contract

d. The contract was not approved in a written form

Câu Hỏi 2 Hoàn thành Đạt điểm 1,00 trên 1,00

A contract is wholly unperformed if …

Select one or more:

a. The entity has not yet transferred any promised goods or services to the customer

b. The entity has not yet received any consideration in exchange for promised goods or services

c. The entity is not yet entitled to receive any consideration in exchange for promised goods or services

d.  All of the above

e.  A and B

Câu Hỏi 3 Hoàn thành Đạt điểm 1,00 trên 1,00

A performance obligation is satisfied over time if:

Select one or more:

a. The customer does not receive or consume the benefits provided by the entity's performance until the
obligation is completely satisfied

b. The entity's performance creates an asset that the customer controls as it is created

c. The entity's performance creates an asset which has an alternative use to the entity

d. The entity does not have an enforceable right to payment for the performance that has been completed to date
Câu Hỏi 4 Hoàn thành Đạt điểm 1,00 trên 1,00

A company enters into a contract to supply three distinct products to a customer. The promise to supply
each of these products is regarded as a separate performance obligation. The stand-alone prices of the
three products (if sold singly) are:
Product X £12,500
Product Y £24,000
Product Z £27,500
The agreed contract price is £57,600. How should this price be allocated to performance obligations?

Select one or more:

a. Product X £12,500
Product Y £24,000
Product Z £27,500

b. Product X £19,200
Product Y £19,200
Product Z £19,200

c. Product X £10,367
Product Y £21,867
Product Z £25,366

d. Product X £11,250
Product Y £21,600
Product Z £24,750

Câu Hỏi 5 Hoàn thành Đạt điểm 1,00 trên 1,00

An entity shall recognize a refund liability if the entity receives consideration from a customer and expects
to refund some or all of that consideration to the customer. 

Select one or more:

a. False

b. True
Câu Hỏi 6 Hoàn thành Đạt điểm 1,00 trên 1,00

If a contract with a customer provides a warranty, then the warranty always represents a separate
performance obligation and part of the transaction price must be allocated to it. True or False?

Select one or more:

a. True

b. False

Câu Hỏi 7 Hoàn thành Đạt điểm 1,00 trên 1,00

Entity shall recognise revenue to depict the transfer of promised goods or services to customers in the
_________ amount that reflects the consideration to which the entity expects to be entitled in exchange for
those goods or services

Select one or more:

a. cumulative

b. Gross

c. Net

d. Residual
Câu Hỏi 8 Hoàn thành Đạt điểm 1,00 trên 1,00

A company enters into a contract to build a factory for a customer. The agreed price is £2million (m) and the
specified completion date is 31 October 2016. However, the contract provides that the company should
receive an incentive payment of a further £250,000 if the factory is completed by 30 September 2016.
Similarly, the price will be reduced by £250,000 if the factory is not completed until after 30 November 2016.

The company estimates that there is a 15% probability that the factory will be completed by 30 September
2016, an 80% probability that it will be completed in October 2016 or November 2016 and a 5% probability
that it will not be completed until after 30 November 2016.

What is the expected value of the transaction price for this contract?

Select one or more:

a. 1.975m

b. 2.025m

c. 2.125m

d. 2m

Câu Hỏi 9 Hoàn thành Đạt điểm 1,00 trên 1,00

A law firm enters into a contract to advise in a lawsuit for a client. If the client wins, they will pay 2000 to the
law firm. If not, the payment is 1500.
The law firm estimates that there is a 75% probability that the client will win and 25% probability that it will
lose in this lawsuit.
What is the expected value of the transaction price for this contract?

Select one or more:

a. 1250

b. 1500

c. 1875

d. 2000
Câu Hỏi 10 Hoàn thành Đạt điểm 1,00 trên 1,00

Which of the following is an exception for application of IFRS 15?

Select one or more:

a. Financial audit contracts

b. Lease contracts

c. Lease contracts, Insurance contracts

d. Insurance contracts, Pharmaceutical contracts

◄ Topic 11 - Revenue from contract with customers (IFRS 15)

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Chu de 11 - Doanh thu tu HD voi khach hang (IFRS 15) ►