What is measurement basis of revenue from contract

Assignment Help Financial Accounting
Reference no: EM132816887

Problem 1: Under PFRS 15, what is measurement basis of revenue from contract with customers?

A. Historical cost of the consideration received or receivable
B. Book value of the consideration received or receivable
C. Fair value of the consideration received or receivable
D. Recoverable amount of the consideration received or receivable

Reference no: EM132816887

Questions Cloud

Replacement policy : Why would you select one replacement policy over another? How does a specific operating system and its application impact your choice?
How shall the profits of the partnership be distributed : In the absence of profit agreement, how shall the profits of the partnership be distributed to capitalist partners assuming there is no industrial partner?
Creating big data implementation road map : List 5 factors that you need to consider when Creating a Big Data Implementation Road Map.
At what value should the land be recorded : On December 22, McCade Repair Service was offered $277,000 for the land by a national retail chain. At what value should the land be recorded
What is measurement basis of revenue from contract : What is measurement basis of revenue from contract with customers? Recoverable amount of the consideration received or receivable
Name some diseases that caused epidemics in the past : Name some diseases that caused epidemics in the past. Name some diseases that are pandemic today.
Describe the intracellular mechanism : 1.) Describe the intracellular mechanism of how TNF alpha induces apoptosis in cells.
When will the balance of construction in progress computed : When will the balance of construction in progress computed under cost recovery method be higher than the balance of construction in progress
What is accounting treatment to the excess of net receivable : What is the accounting treatment to the excess of the net installment receivable (installment receivable minus deferred gross profit) over the fair value

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd