Question: Under IFRS, revenue should be recognized only when: Question 44Select one: a. a performance is substantially complete. b. a sale or service transaction has occurred.

Under IFRS, revenue should be recognized only when:

Question 44Select one:

a.

a performance is substantially complete.

b.

a sale or service transaction has occurred.

c.

each performance obligations is satisfied.

d.

an exchange transaction involving goods and services has occurred and a cash down payment has been received.

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