Multiple Choice
What are the current International Financial Reporting Standards regarding customer loyalty programs (such as frequent flyer points) ?
A) They are recognized only in the financial statement notes.
B) They are recognized only when customers redeem their points.
C) They are not explicitly addressed.
D) The current proceeds are to be split between the original transaction and the award credits (as unearned revenue) .
Correct Answer:
Verified
Correct Answer:
Verified
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