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  3. Study Set
    International Financial Reporting Standards
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    Exam 20: Revenue From Contracts With Customers
  5. Question
    Revenue Is the Gross Amount of Economic Benefit Flowing to an Entity
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Revenue Is the Gross Amount of Economic Benefit Flowing to an Entity

Question 19

Question 19

True/False

Revenue is the gross amount of economic benefit flowing to an entity from its ordinary business activities, including increases in equity from operating and financing activities.

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