AB Corporation has a contract to sell 50,000 boxes of chocolate to a customer for P 20 million or P 400 per boxes over a three-month period. After the delivery of 30,000 boxes, AB modifies the contract by promising to deliver additional 10,000 boxes of Chocolate for an additional P 3.6 million or P 360 per boxes. AB regularly sells the products separately. Determine the total revenue after the modification. (no peso sign, no comma, only whole number)

AB Corporation has a contract to sell 50,000 boxes of chocolate to a customer for P 20 million or P 400 per boxes over a three-month period. After the delivery of 30,000 boxes, AB modifies the contract by promising to deliver additional 10,000 boxes of Chocolate for an additional P 3.6 million or P 360 per boxes. AB regularly sells the products separately. Determine the total revenue after the modification. (no peso sign, no comma, only whole number)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter17: Advanced Issues In Revenue Recognition

Section: Chapter Questions

Problem 6MC

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