Which of the Following Is Not a Major Condition for Revenue

question 59

Multiple Choice

Which of the following is not a major condition for revenue recognition under IFRS?

• A) Persuasive evidence of an arrangement.
• B) Risks and rewards have transferred to the buyer.
• C) Revenues and costs can be reliably measured.
• D) Probable that economic benefits will flow to the seller.

Grasp the basic principles of marginal revenue and marginal cost in different operational contexts.

Understand the relationship between demand uncertainty and pricing strategy.

Analyze strategies to minimize product cannibalization.

Apply microeconomic principles to optimization problems in business (e.g., parking spaces, product pricing).

---

Definitions:

Mental Age

A measure of an individual's mental ability expressed as the age at which an average individual reaches the same level of performance.

Charles Spearman

A psychologist known for his pioneering work in statistics and intelligence, specifically for his development of factor analysis and the concept of a general intelligence factor, "g".

Intelligence

The ability to acquire, understand, and apply knowledge and skills, and to adapt to new situations.

Stanford-Binet

An individually administered intelligence test that was revised from the original Binet-Simon Scale, measuring five factors of cognitive ability.