IFRS: (a) uses accrual accounting. (b) uses cash-basis accounting. (c) allows revenue to be recognized when a

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IFRS:

(a) uses accrual accounting.

(b) uses cash-basis accounting.

(c) allows revenue to be recognized when a customer makes an order.

(d) requires that revenue not be recognized until cash is received.

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Financial Accounting

ISBN: 9781119298229,9781119305842

10th Edition

Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel

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