Which of the Following Is NOT a Condition That Needs

question 16

Multiple Choice

Which of the following is NOT a condition that needs to be satisfied prior to recognising revenue from the rendering of services using the 'percentage of completion' method?

• A) The amount of revenue can be measured reliably.
• B) The stage of completion of the transaction can be measured reliably.
• C) The costs of the transaction (including future costs) can be measured reliably.
• D) The contract is non-cancellable.

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Definitions:

Energy Alternatives

Renewable and sustainable energy sources used in place of traditional fossil fuels, such as solar, wind, and hydro power.

Net Energy

The amount of energy available from a resource after subtracting the energy spent to obtain, process, and distribute it.

Thermodynamics

A branch of physics that deals with the relationships between heat and other forms of energy, and how these affect matter.

Conservation

The practice of protecting natural resources and the environment through preservation, management, and restoration efforts to prevent degradation.