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.

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Definitions:

Moderately Achievement Oriented

Refers to an individual's tendency to aspire for success and accomplishment in tasks with a balanced level of ambition and realism.

Illicit Behavior

Acts that are forbidden by law, rules, or custom.

Drug Use

The consumption of substances for their psychoactive effects, which can range from prescribed medications to illegal narcotics.

Reckless Behavior

Actions taken without consideration for the potential harm or consequences to oneself or others, often impulsive and risky.