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Categories
- IFRS 15 – Revenue from Contracts with Customers 0%
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Question 1 of 10
1. Question
IFRS 15 is not created to meet these objectives:
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Question 2 of 10
2. Question
Entity shall recognise revenue to depict the transfer of promised goods or services to customers in the _________ amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.
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Question 3 of 10
3. Question
What does IFRS 15 specify?
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Question 4 of 10
4. Question
Which of the following is an exception for application of IFRS 15?
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Question 5 of 10
5. Question
Which of the following circumstances IFRS 15 does not outline as the basis for the entity to account for a contract with a customer?
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Question 6 of 10
6. Question
A contract does not exist if …
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Question 7 of 10
7. Question
A contract is wholly unperformed if …
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Question 8 of 10
8. Question
Under which circumstances an entity shall not combine two or more contracts and account for them as a single contract?
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Question 9 of 10
9. Question
Contract modification is the change in the price and/or scope that is approved by the parties to the contract in a written form only.
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Question 10 of 10
10. Question
Under which circumstances shall the entity account for a contract modification as a separate contract?
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