The Pattern of Revenue Recognition Required by AASB 1023 Is

The pattern of revenue recognition required by AASB 1023 is:

A) As premiums become due and payable, the revenue should be recognised according to accrual principles.
B) In accordance with the pattern of past receipts from policies of a similar type.
C) Based on the discounted cash flows expected to be associated with the policy, using past experience of policies that are in the same category.
D) Based on the pattern of the incidence of risk to which the insurer is exposed.