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If the outcome of rendering services cannot be estimated reliably, IFRS requires the use of which revenue recognition method?
Choice A - Percentage-of-completion method.
Choice B - Completed contract method.
Choice C - Cost recovery method.
Choice D - Installment method.
Choice “C†is correct because if the outcome of rendering services cannot be measured reliably, IFRS requires use of the cost recovery method. Percentage of completion method is use...