Scan QR code or get instant email to install app
Question:
Under IFRS, which of the following is most likely when the outcome of a long-term project cannot be measured reliably?
A
Revenues are recognized to the extent of costs incurred during the period.
explanation
Under IFRS, if the outcome of the project cannot be measured reliably, revenues are recognized to the extent of costs incurred during the period.
Take more free practice tests for other PASSEMALL topics with our cfa practice questions now!
Related Information
Comments