Which of the Following Is NOT a Condition That Needs

question 8

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 amount of revenue can be measured reliably
• B) the stage of completion of the transaction can be measured reliably
• C) the costs of the transaction (including future costs) can be measured reliably
• D) the contract is non-cancellable.

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Definitions:

Right To Privacy

The right of individuals to keep their personal lives and information out of public view, or the right to be free from unwarranted intrusion.

Federal Trade Commission

A U.S. federal agency responsible for protecting consumers and promoting competition by preventing anticompetitive, deceptive, and unfair business practices.

Private Company

A business owned by private individuals or corporations with restrictions on the transfer of shares and not publicly traded.

Privacy And Data Practices

Policies and procedures that govern the collection, use, and protection of personal information.