Under IAS 18, Which of the Following Is an Example

question 10

Multiple Choice

Under IAS 18, which of the following is an example of retention of significant risks and rewards by the seller?

• A)The buyer has no right to rescind the purchase.
• B)The seller is under no obligation for satisfactory performance not covered by normal warranties.
• C)Goods are sold subject to installation, but installation is not a significant part of the contract and has not yet been completed.
• D)Receipt of revenue by the seller is contingent on the buyer generating revenue through its sale of the goods.

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Definitions:

School District

A geographical unit for the local administration of elementary or secondary schools.

Researcher Reactivity

The phenomenon where the presence or behavior of the researcher influences the subjects' behavior or the outcome of the study.

Unobtrusive Measures

Research methods that do not interfere with the subjects being studied, allowing researchers to observe behavior or phenomena in a natural, undisturbed manner.

Researcher Bias

The tendency of a researcher to allow personal beliefs, preferences, or assumptions to influence the outcome of a study.