Which of the following most correctly states how revenue is measured?
A) Fair value of consideration received or receivable plus cash discounts and volume discounts.
B) Fair value of consideration received or receivable less cash discounts plus interest if payment is deferred
C) Fair value of consideration given up or surrendered less interest, cash and volume discounts.
D) Fair value of consideration given up or surrendered less cash discounts plus interest if payment is deferred
Correct Answer:
Verified
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