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Revenues of an entity are usually measured by the exchange values of the assets or...

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Accounting

Revenues of an entity are usually measured by the exchange values of the assets or liabilities involved. Recognition of revenue does not occur until

a- A performance obligation is satisfied over time.

b- Products or services are exchanged for cash or claims to cash.

c- An asset is transferred.

d- A performance obligation is satisfied by transfer of control of an asset.

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