Multiple Choice
When the conditions for revenue recognition are satisfied,on which basis should interest be recognized?
A) Proportionately to the length of the period during which the asset was actually made available and on the basis of the agreed interest rate.
B) Proportionately to the length of the period during which the asset was actually made available and on the basis of the inflation rate.
C) Proportionately to the cash collected and on the basis of the agreed interest rate.
D) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Which method is preferred by the IASB
Q12: There are two kinds of differences between
Q13: Which of the following statements does not
Q14: Which of the following methods is not
Q15: According to IAS 18,revenue is 'the gross
Q16: Deferred tax is created when income tax
Q17: Total comprehensive income is defined as the
Q18: Which of the following equations is correct?<br>A)
Q20: Development costs can be capitalized and amortized
Q21: What does IAS 20 handle?<br>A) Government grants<br>B)