Which of the Following Contracts with Customers to Provide Goods

question 1

Multiple Choice

Which of the following contracts with customers to provide goods or services in the ordinary course of business are included within the scope of IFRS 15?
I lease contracts accounted for under IAS 17 Leases;
II insurance contracts accounted for under IFRS 4 Insurance Contracts;
III financial instruments and other contractual rights or obligations accounted for under IFRS 9 Financial Instruments or IAS 39 Financial Instruments: Recognition and Measurement, IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IAS 27 Separate Financial Statements and IAS 28 Investments in Associates and Joint Ventures
IV non-monetary exchanges between entities in the same line of business to facilitate sales to customers or potential customers.

• A) I., II. and III.
• B) III. only
• C) I., II. and IV.
• D) None of the above

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Definitions:

ETHNIC Mnemonic

A tool used by healthcare professionals to remember and address communication barriers, including Explanation, Treatment, Healers, Negotiate, Intervention, and Collaboration.

Cultural Assessment

Systematic and comprehensive examination of the cultural care values, beliefs, and practices of individuals, families, and communities.

Health Care Disparities

Variations in healthcare access, quality, and outcomes among different populations, typically influenced by socio-economic factors and systemic biases.

Accessibility

The degree to which a product, device, service, or environment is available to as many people as possible.