Which three types of transaction produce revenue under IAS 18?

Question

Quizplus · Accepted Answer

According to IAS 18, revenue can be recognized for the sale of goods and the provision of services. Additionally, revenue can be recognized from the use of an asset yielding interest (such as interest on a loan or investment). Option A includes "an increased fair value of an asset," which is not a transaction that typically produces revenue under IAS 18. Option C includes "a dividend from an associated company," which is not a transaction between the entity and its customers and would not be accounted for as revenue. Option D includes "a dividend from an associated company" (not a transaction with customers) and "the use of an asset yielding interest" (which is included in option B). Therefore, the best choice is B.

Which Three Types of Transaction Produce Revenue Under IAS 18