Which Three Types of Transaction Produce Revenue Under IAS 18

question 7

Multiple Choice

Which three types of transaction produce revenue under IAS 18?

• A)sale of goods; the use of an asset yielding interest; an increased fair value of an asset
• B)sale of goods; provision of services; the use of an asset yielding interest
• C)provision of services; an increased fair value of an asset; a dividend from an associated company
• D)a dividend from an associated company; sale of goods; the use of an asset yielding interest

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Definitions:

Agency Staff

Workers or personnel employed through or by a staffing agency, often for temporary or contract positions.

Community

A community is a group of individuals who share common interests, values, or geographical location, and interact with each other to fulfill mutual needs.

Potential Members

Individuals who may become part of a group, organization, or community based on certain qualifications or criteria.

Ideal Size

The optimal size or magnitude of something, such as a group or organization, that facilitates its best performance or function.