The ASB made a submission on the 2010 proposed revenue standard and in that submission indicated that
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The ASB made a submission on the 2010 proposed revenue standard and in that submission indicated that the revenue allocation in relation to a contract which involved multiple performance obligations should reflect the normal margins of the various performance obligations. This is in contrast to the then proposed standard which allocated revenue in relation to the stand alone prices of the various performance obligations. Discuss the merits of the two alternatives.
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Financial Accounting And Reporting
ISBN: 9781292255996
19th Edition
Authors: Barry Elliott, Jamie Elliott
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