The Effect That IFRIC Interpretation Titled Agreements for the Construction

question 18

Multiple Choice

The effect that IFRIC Interpretation titled Agreements for the Construction of Real Estate will have the following effect for entities that undertake off-the-plan real estate sales is that:

• A) the percentage of completion method of revenue recognition will be discontinued.
• B) the use of the completed contracts method of revenue recognition will be discontinued.
• C) the amount of revenue recognised on such sales will reduce.
• D) the amount of revenue recognised on such sales will increase.

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Definitions:

Content Analysis

A research technique used to objectively and systematically analyze the content of communication material.

Qualitative Data Sets

Qualitative data sets comprise non-numeric data used in research to describe attributes, properties, and characteristics, often gathered through interviews, observations, and textual analysis.

Themes

Central topics, subjects, or ideas that are recurrently explored in various forms of art, literature, music, or discussion, providing a deeper understanding or interpretation of the content.

Sampling Weights

Statistical adjustments applied to samples to account for unequal probabilities of selection due to the sampling design, ensuring representativeness.