Question: what is the correct answer What are the current International Financial Reporting Standards regarding how customer loyalty programs (such as frequent flyer points) should be

what is the correct answer

What are the current International Financial Reporting Standards regarding how customer loyalty programs (such as frequent flyer points) should be accounted for? The current proceeds are to be split between the original transaction and the award credits (as unearned revenue). They are not explicitly addressed. They are recognized only in the financial statement notes. They are recognized only when customers redeem their points

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