Which of the Following Events Took Place in December 2008

question 11

Multiple Choice

Which of the following events took place in December 2008?

• A) The IASB issued an Exposure Draft proposing amendments to IAS 18.
• B) The FASB formally adopted IAS 18.
• C) The IASB and FASB jointly issued a Discussion Paper on revenue recognition.
• D) The IASB issued an amended IAS 18.

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, used in inventory valuation and other financial measurements.