Just a basic accounting question I encountered while studying financial statements in Accounting. This is what the statement read:
The partner shall service and maintain the CDMA system
that it constructs pursuant to a Service Level Agreement (SLA) dated the same date as the Master of Procurement Partnership Agreement (MPPA) in return for the annual consideration of US$5.3 million.
Does the US$5.3 million figure refer to the SLA or the MPPA?
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What Is Mean By “annual Consideration” In Accounting Terms?
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