[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.

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