Multiple Choice
Holidays Ltd manufactures caravans.Transactions for the year ended 30 June 2016 were as follows: 
- What was the reported profit for the year ended 30 June 2016 if revenue was recognised when cash was received?
A) $5 000 000
B) $6 000 000
C) $24 000 000
D) $4 000 000
Correct Answer:
Verified
Correct Answer:
Verified
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