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    Intermediate Accounting IFRS Study Set 1
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    Exam 2: Conceptual Framework for Financial Reporting
  5. Question
    Under International Financial Reporting Standards (IFRS) Revenue Is Recognized
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Under International Financial Reporting Standards (IFRS) Revenue Is Recognized

Question 103

Question 103

Multiple Choice

Under International Financial Reporting Standards (IFRS) revenue is recognized


A) At the time cash is collected.
B) During production.
C) At the end of production.
D) When the performance obligation is satisfied.

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