What are the key distinctions between income and revenue? Why do you think the IASB made these

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What are the key distinctions between "income" and "revenue"? Why do you think the IASB made these distinctions?

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 12:57 PM

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What are the key distinctions between income and revenue? Why do you think the IASB made these

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The IASB Conceptual Framework states that income encompasses both revenue and gains The onl...View the full answer

Applying International Financial Reporting Standards

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