Question: Multiple choice question IFRIC 13, Customer Loyalty Programmes, specifies which of the following? 1. Award credits are a separate component of the sales transaction. 2.

Multiple choice question

IFRIC 13, Customer Loyalty Programmes, specifies which of the following?

1. Award credits are a separate component of the sales transaction.

2. Award credits should be accounted for in revenue.

3. Award credits should be based on historical value.

4. None of the above

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