Under IFRS, revenue is recognized simultaneously with ________.
A) increases in assets or increases in liabilities
B) decreases in assets or increases in liabilities
C) increases in assets or decreases in liabilities
D) decreases in assets or decreases in liabilities

Question

Quizplus · Accepted Answer

Under IFRS, revenue is recognized when there is an increase in assets or a decrease in liabilities, reflecting the earning of revenue.

Under IFRS, Revenue Is Recognized Simultaneously with ________