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Review the Notes to the Financial Statements sections

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Reference no: EM133141685

Question - Go to the Xero Limited web site. Scroll to the bottom of the page and select INVESTORS and then select Financial info. Download the 2020 annual report.

Required -

1. Review the Notes to the Financial Statements sections, specifically 'Note 4 Revenue'. Explain the different forms of revenue recorded by Xero and the different ways the company recognises each type of revenue.

2. Are Xero's methods of revenue recognition consistent with the revenue recognition criteria discussed in chapter 3 of the text?

3. What are the sources and amounts of revenues in the 2020 annual report? Explain the distinction between revenue and other income as disclosed in the financial statements.

Reference no: EM133141685

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