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Which statement(s) is/are false? A. Revenue should only be recorded if it can be measured with absolute certainty. B. Revenue should be recognised only when
Which statement(s) is/are false?
A. | Revenue should only be recorded if it can be measured with absolute certainty. | |
B. | Revenue should be recognised only when it is probable that any future economic benefits associated with the revenue will flow to the entity. | |
C. | The revenue recognition principle is a helpful guide in determining profit for a period. | |
D. | B and C. |
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