According to IFRS 15, which method should be used to estimate the stand-alone selling prices?
I) Adjusted market assessment approach.
II) Expected cost plus a margin approach.
III) Residual approach, in limited circumstances.
A) I., II. and III.
B) I. and II.
C) II. and III.
D) None of the above

Question

According to IFRS 15, which method should be used to estimate the stand-alone selling prices?
 I) Adjusted market assessment approach.
II) Expected cost plus a margin approach.
III) Residual approach, in limited circumstances.
A) I., II. and III.
B) I. and II.
C) II. and III.
D) None of the above

Quizplus · Accepted Answer

IFRS 15 allows for the estimation of stand-alone selling prices using the adjusted market assessment approach, the expected cost plus a margin approach, and the residual approach, but the residual approach is permitted only in limited circumstances.

According to IFRS 15, Which Method Should Be Used to Estimate