Under IFRS, which of the following is not a condition for recognizing revenue? Group of...
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Under IFRS, which of the following is not a condition for recognizing revenue? Group of answer choices For sales of services, the stage of completion can be measured reliably. 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. The amount of revenue and costs associated with the transaction can be measured reliably. It is reasonably possible that the economic benefits associated with the transaction will flow to the seller.
Under IFRS, which of the following is not a condition for recognizing revenue?
Group of answer choices
For sales of services, the stage of completion can be measured reliably.
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.
The amount of revenue and costs associated with the transaction can be measured reliably.
It is reasonably possible that the economic benefits associated with the transaction will flow to the seller.
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