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  2. Topic
    Business
  3. Study Set
    Contemporary Accounting
  4. Exam
    Exam 6: Presentation of Financial Performance and the Worksheet
  5. Question
    Revenue Is Recognised Under the Historical Cost Accounting Model When
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Revenue Is Recognised Under the Historical Cost Accounting Model When

Question 1

Question 1

True/False

Revenue is recognised under the historical cost accounting model when it has substantially been earned and the entity has the cash or a substantial claim to cash.

Correct Answer:

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