The amount of finance revenue to be recognized by JKL Inc.during Year 2 would be:
A)$2,104,672
B)$1,965,419
C)$1,637,124
D)$,2,537,864

Question

Quizplus · Accepted Answer

The correct answer is determined by applying the principles of revenue recognition under the relevant financial reporting framework, such as IFRS or US GAAP, which typically involves calculating the interest or finance income on the basis of the effective interest rate method or another appropriate method for recognizing finance revenue over time. Without specific details on the financial arrangement, interest rates, or method to be applied, the precise calculation steps cannot be provided. However, the correct answer is chosen based on the information given in the question.

The Amount of Finance Revenue to Be Recognized by JKL