If the Firm Has Received a Promise of Payment but Cannot

Multiple Choice

If the firm has received a promise of payment but cannot measure this promise with reasonable reliability,

A) U.S.GAAP would permit revenue to be recognized, but IFRS would not permit revenue to be recognized.
B) U.S.GAAP would not permit revenue to be recognized, but IFRS would permit revenue to be recognized.
C) neither U.S.GAAP nor IFRS would permit revenue to be recognized.
D) U.S.GAAP and IFRS would permit revenue to be recognized.
E) none of the above