Which of the Following Is Not a Condition That Needs

question 3

Multiple Choice

Which of the following is not a condition that needs to be satisfied prior to recognising revenue from the rendering of services using the 'percentage of completion' method?

• A) The contract is non-cancellable.
• B) The amount of revenue can be measured reliably.
• C) The stage of completion of the transaction can be measured reliably.
• D) The costs of the transaction (including future costs) can be measured reliably.

---

Definitions:

LinkedIn

A professional networking platform designed to connect individuals and businesses for career and business opportunities.

Petrobras

A Brazilian multinational corporation in the petroleum industry that is among the largest energy firms in the world.

Environmental Performance

A measure of how well an organization or activity minimizes its impact on the environment, often evaluated against specific standards or regulations.

Regulatory Compliance

involves adhering to laws, regulations, guidelines, and specifications relevant to a business or activity.