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  2. Topic
    Business
  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 15: Revenue Recognition Issues
  5. Question
    Transfer of 'Control' of the Asset Is Central to the Recognition
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Transfer of 'Control' of the Asset Is Central to the Recognition

Question 26

Question 26

True/False

Transfer of 'control' of the asset is central to the recognition of revenue under the new accounting standard IASB (2011).

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