According to IFRS 15, the Methods for Recognising Revenue on Arrangements

question 17

Multiple Choice

According to IFRS 15, the methods for recognising revenue on arrangements involving the transfer of goods or services over time are:
I. Output methods
II) Residual method
III) Input methods
IV) Adjusted assessment method

• A) I., II. and III.
• B) I. and IV.
• C) I. and III.
• D) II., III. and IV.

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Definitions:

After-Tax Income

The amount of income that remains for an individual or a business after all federal, state, and withholding taxes have been deducted from taxable income.