AASB15 Revenue from customers requires that a promised good or service must be distinct or...
50.1K
Verified Solution
Link Copied!
Question
Accounting
AASB15 Revenue from customers requires that a promised good or service must be distinct or consist of distinct goods or services that are substantially the same and have the same pattern of transfer to the customer. A promised good or service is distinct if the customer can benefit from the goods or services on its own or in conjunction with readily available resources and the entitys promise to transfer the goods or services to the customer is separately identifiable from other promises in the contract.
Required:
Discuss the factors that indicate an entitys promise to transfer a goods or services is separately identifiable
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
