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Under IFRS, service revenue should be recognized when it is probable that future economic benefits will be received and the entity can reliably...

Under IFRS, service revenue should be recognized when it is probable that future economic benefits will be received and the entity can reliably measure all of the following EXCEPT the:

a) amount of revenue (think this is the right answer but not sure)

b) stage of completion

c) date of completion

d) cost to complete the project

Top Answer

No, The answer is C. According to IFRS, the entity must be able to make a reliable... View the full answer

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