[Solved] Under IFRS,which of the Following Is Not a Condition for Recognizing

Question 203
Multiple Choice

Under IFRS,which of the following is not a condition for recognizing revenue?

A)The amount of revenue and costs associated with the transaction can be measured reliably.
B)It is reasonably possible that the economic benefits associated with the transaction will flow to the seller.
C)For sales of goods,the seller has transferred to the buyer the risks and rewards of ownership and doesn't effectively manage or control the goods.
D)For sales of services,the stage of completion can be measured reliably.

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Accounting Homework Help with various study sets and a huge amount of quizzes and questions


Study sets





Upload material to get free access

Upload Now Upload Now
Upload Now

Invite a friend and get free access

Upload NowInvite a friend
Invite a friend

Subscribe and get an instant access

See our plansSee our plans
See our plans