AASB 118 Revenue requires a number of disclosures,including information about:
A) rents, interest, royalties and dividends.
B) accounting policies adopted for the recognition of revenues.
C) methods adopted to determine the stage of completion of contracts involving the rendering of services.
D) all of the given answers.

Question

Quizplus · Accepted Answer

AASB 118 Revenue requires disclosures about rents, interest, royalties, and dividends, and also the accounting policies adopted for the recognition of revenues, as well as methods adopted to determine the stage of completion of contracts involving the rendering of services. Therefore, all of the given answers are correct.

AASB 118 Revenue Requires a Number of Disclosures,including Information About