The ASB made a submission on the 2010 proposed revenue standard in which they indicated that the
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The ASB made a submission on the 2010 proposed revenue standard in which they indicated that the revenue allocation in relation to a contract which involved multiple service obligations should reflect the normal margins of the various service obligations. This is in contrast to the standard which allocated revenue in relation to the stand-alone prices of the various service obligations. Discuss the merits of the two alternatives.
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Related Book For 
Financial Accounting And Reporting
ISBN: 9780273778172
16th Edition
Authors: Mr Barry Elliott, Jamie Elliott
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