international accounting

1.

Opacity is the opposite if transparency. Which country has the least opacity in regards to earnings?

Switzerland

United States

Germany

Greece

none of the choices apply

6.

A contract with a customer under IFRS 15 requires identifying a performance obligation Which of the following is not one of those conditions?

The good or service is distinct.

A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.

The customer can benefit from the good or services on its own.

Each party's rights in relation to the goods or services can be identified.

none of the choices apply

9.

Under IFRS 15 SSim-Tech recognizes revenue as ________ , either over time or at a point in time.

deferred revenue

an asset

control is passed

deferred expenses

none of the choices apply

10.

Under IFRS 15 the incremental costs of obtaining a contract must be recognized as _____________ if the company expects to recover those costs.

a liability

an asset

deferred revenue

deferred expenses