IFRS Multiple Choice Question 08
Portugal, Inc. has the following amounts related to its activities for the year ended December 31, 2015:
Sales to customers $6,250,000
Gain on sale of equipment $ 450,000
Gain on sale of investments $ 950,000
Loss on sale of land $ 300,000
Portugal, Inc. uses IFRS for its external financial reporting. How much revenue should Portugal, Inc. report on its income statement for the year ended December 31, 2015?
The revenue that... View the full answer