Multiple Choice
Which of the following is NOT a criteria for recognition of revenue from the sale of goods under IAS 18 Revenue?
A) The seller has transferred the significant risks and rewards of ownership to the buyer.
B) The costs incurred, or to be incurred, in respect of the transaction can be measured reliably.
C) The stage of completion at the statement of financial position date can be measured reliably.
D) The amount of revenue can be measured reliably.
Correct Answer:
Verified
Correct Answer:
Verified
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