Which of the Following Is Not a Condition to Be

question 12

Multiple Choice

Which of the following is not a condition to be satisfied when recognising revenue from the sale of goods or services?

• A) The seller retains control over the goods.
• B) Reliable measurement of the transaction costs.
• C) The probability of future economic benefits flowing to the seller.
• D) Transfer of the significant risks and rewards of ownership of the goods from the seller to the buyer.

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Definitions:

Indigenous Child

A child belonging to the original inhabitants of a region or country before colonization or settling of other groups.

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The decade spanning from January 1, 1980, to December 31, 1989, characterized by significant political, technological, and cultural changes worldwide.

Life Expectancy

The average period that an individual is expected to live, based on statistical averages of age, nationality, and other factors.