Correct answer = C
"Understanding the Income Statement," Thomas R. Robinson, Hennie van Greuning, Elaine Henry, and Michael A. Broihahn
2008 Modular Level I, Vol. 3, pp. 146-147
Study Session 8-32-b
explain the general principles of revenue recognition and accrual accounting, demonstrate specific revenue recognition applications (including accounting for long-term contracts, installment sales, barter transactions, and gross and net reporting of revenue), and discuss the implications of revenue recognition principles for financial analysis
The IASB conditions that must be met include that the costs incurred can be reliably measured and the assurance of payment, not the actual receipt.
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发表于 2008-6-1 00:44
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