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38 Identify the incorrect statement from the following: Not yet answered Marked out of 100 Flag question Noncash consideration can be part of contract as
38 Identify the incorrect statement from the following: Not yet answered Marked out of 100 Flag question Noncash consideration can be part of contract as per IFRS 15 The transaction price may have variable consideration The transaction price is not always set by the parties to the contract. In such case estimates can be used to determine transaction price, If there is a delay in the customer payment of a period more than three months then the receivable need to discounted to present values
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