The IASB/FASB Exposure Draft Titled Revenue from Contracts with Customers

question 9

Multiple Choice

The IASB/FASB Exposure Draft titled Revenue from Contracts with Customers is inconsistent with the principles within which of the following?

• A) The Conceptual Framework for Financial Reporting
• B) IAS 18 Revenue
• C) IFRIC 13 Customer Loyalty Programmes
• D) All of the options are correct

---

Definitions:

Individual Characteristics

Unique attributes, traits, or behaviors that distinguish one person from another.

Home Care Service

Assistance and healthcare services provided in a patient's home to aid in recovery, daily living, or palliative care.

Dressing Changes

The practice of replacing wound coverings to promote healing and prevent infection.

Family Environment

The social and emotional climate of a family, including relationships among family members, and the structure and dynamics of the household.