Which Is the Most Important Recognition Criteria Under IAS 18

question 4

Multiple Choice

Which is the most important recognition criteria under IAS 18 for revenue from services rendered?

• A)The revenue amount can be reliably measured
• B)The stage of completion of the transaction at the balance sheet date can be reliably measured
• C)It is probable that the economic benefits from the transaction will flow to the providing entity
• D)The costs incurred for both the transaction and implementing the services can be reliably considered

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