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How much total revenue shall be reported

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Problem - Tech Co. and Robotics Co. are joint operators in the development of Super OS, a mobile phone operating system. Each joint operator retains control over the assets contributed to the joint operation and share equally in the profits and losses of the joint operation. During the year, Tech Co. earns revenue of 1,000,000 from its own operations. Sales of Super OS amount to 400,000. How much total revenue shall be reported in Tech Co.'s statement of profit or loss for the year?

Reference no: EM132703936

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