Which Method of Revenue Recognition Do IFRS Require for Construction

question 68

Multiple Choice

Which method of revenue recognition do IFRS require for construction contracts when the percentage-of-completion method cannot be applied?

• A)completed contract
• B)installment sales
• C)completed contract.
• D)cost recovery

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Virginia

A state located on the East Coast of the United States, known for its significant history, including being one of the original 13 colonies.

Maryland

A state located in the Mid-Atlantic region of the United States, known for its rich history and diverse geography.

Colonial Governments

Administrative bodies established by colonial powers to oversee and manage colonies, often involving control over local resources, economy, and people.

Indentured Servants

Individuals who agreed to work for a set period without wages in exchange for passage to the New World.