Question
18.Which of the following best describes the concept of control as required for revenue recognition in accordance with AASB 15 Revenue from Contracts with Customers
18.Which of the following best describes the concept of control as required for revenue recognition in accordance with AASB 15 Revenue from Contracts with Customers?
Group of answer choices
the ability of the entity to use the asset to enhance the value of other assets
the ability of the entity to sell the contracted for asset without the customers agreement
the promise to give the customer goods and services, which are separately identifiable
the ability of the customer to direct the use of, and obtain substantially all of the benefits from, the asset
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