Under IFRS, Which of the Following Is Generally Not a Guideline

question 37

Multiple Choice

Under IFRS, which of the following is generally not a guideline for recognizing revenue?

• A)When (or as)the company satisfies the performance obligation.
• B)The contract is identified with the client.
• C)Collection is reasonably assured.
• D)The transaction price is determinable.

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Definitions:

Fromm

Erich Fromm was a psychoanalyst and social psychologist who explored the interaction between psychology and society, emphasizing the importance of love, freedom, and non-authoritarian systems.

Mixed Feelings

A state of having simultaneous conflicting reactions, beliefs, or feelings towards a person, situation, or idea.

Fromm

Erich Fromm was a psychoanalyst and social psychologist who explored the interaction between psychology and society, and emphasized the need for human freedom and true self-expression.

Character Orientation

A concept, often discussed in psychological contexts, that refers to the persistent direction of an individual's character in interacting with the world, including tendencies toward productivity, conformity, or destructiveness.