Multiple Choice
IASB (2011) requires an entity to recognise revenue for a performance obligation satisfied over time only if the entity can:
A) reasonably measure with complete satisfaction the performance obligation.
B) reasonably measure its expected revenue of the performance obligation.
C) reasonably measure its expected costs of the performance obligation.
D) reasonably measure its progress towards complete satisfaction of the performance obligation.
Correct Answer:

Verified
Correct Answer:
Verified
Q46: When it is probable that total contract
Q47: In most cases dividend revenue should not
Q48: Construction costs plus gross profit earned to
Q49: When the collectability of an amount that
Q50: Under the AASB (IASB)Conceptual Framework income is
Q52: When the gross method is used to
Q53: Discuss the different conditions detailed in IASB
Q54: IASB (2011)requires revenues to be measured in
Q55: Discuss how the use of call and
Q56: When a performance obligation is satisfied,an entity