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Hi all,
Can you please help me with the below. Please let me know if the statements below are accurate and if (4) below can be used under IFRS.
(1) % of Completion – GAAP (Preferred) & IFRS (Required)
(2) Completed Contract – GAAP Only (when reasonable estimate in (1) above cannot be made)
(3) Cost recovery – IFRS (when reasonable estimate in (1) above cannot be made) GAAP (alternative to Installment Sales)
(4) Installement Sales – GAAP (no reasonable estimate can be made), IFRS??? (can this be used under IFRS?)
Thank yo uso much!!!
October 2011-May 2013. Did not loose any credit!!
AUD - 73, 79
REG - 86
FAR - 72, 83
BEC - 80, last one, DONE!!
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