AASB 115 Suggests Which of the Following as Appropriate Categories

question 4

Multiple Choice

AASB 115 suggests which of the following as appropriate categories for the aggregation of revenues?
I. Geographical region
II. Type of goods or services
III. Duration of contract
IV. Type of customers

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

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Definitions:

Listening Skills

The ability to effectively receive and interpret messages during communication.

Nonverbal Feedback

Communication that occurs without words, such as gestures, facial expressions, and body language, often reflecting the listener's response or attitude.

Mentally Paraphrase

The practice of silently rewording sentences in one's own words to better understand and retain information.

Decoding

Interpretation or translation of encoded data into a readable format.