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  3. Study Set
    Financial Reporting
  4. Exam
    Exam 3: Additional Topics in Income Determination
  5. Question
    When the Outcome of a Service Contract Can Be Reliably
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When the Outcome of a Service Contract Can Be Reliably

Question 2

Question 2

True/False

When the outcome of a service contract can be reliably estimated,IFRS rules allow firms to recognize contract revenue and expenses using the percentage-of-completion method.

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