Multiple Choice
Which of the principles proposed by the FASB and the IASB's joint project on the recognition and measurement of revenue represent a change of emphasis from the current IASB treatment?
A) Measurement should be reliable
B) The focus is on changes in the value of assets and liabilities
C) The fair value approach has been adopted as a working principle
D) B and C represent a change of emphasis from the current IASB treatment
Correct Answer:
Verified
Correct Answer:
Verified
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