Revenues of an entity are usually measured by the exchange values of the assets or...
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Accounting
Revenues of an entity are usually measured by the exchange values of the assets or liabilities involved. Recognition of revenue does not occur until
a- A performance obligation is satisfied over time.
b- Products or services are exchanged for cash or claims to cash.
c- An asset is transferred.
d- A performance obligation is satisfied by transfer of control of an asset.
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