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  3. Study Set
    Issues in Financial Accounting
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    Exam 3: A Conceptual Framework: the Fundamentals of General Purpose Financial Reporting
  5. Question
    Compare and Contrast the FASB Definition of Revenue and the Australian
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Compare and Contrast the FASB Definition of Revenue and the Australian

Question 15

Question 15

Essay

Compare and contrast the FASB definition of revenue and the Australian concept of income.In your answer discuss the treatment of gains in both jurisdictions.

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