Brookfield Property Group signed a contract with Graham Construction to build them an office tower in downtown Toronto for the cost of $10 million dollars in the next 5 years. Under IFRS, which of the following revenue recognition criteria are met in this case? A contract has been identified between Brookfield Property Group and Graham Construction. The construction of the building is the performance obligation The transaction price of the contract is $10 million dollars. All of the above are met.

Brookfield Property Group signed a contract with Graham Construction to build them an office tower in downtown Toronto for the cost of $10 million dollars in the next 5 years. Under IFRS, which of the following revenue recognition criteria are met in this case? A contract has been identified between Brookfield Property Group and Graham Construction. The construction of the building is the performance obligation The transaction price of the contract is $10 million dollars. All of the above are met