Business, 24.02.2020 22:27 tastyspeaks
In a barter transaction where advertising services provided are exchanged for advertising services received, under which of the following situations can the advertising provider recognize revenue for the services performed? Assume the accounting is under IFRS guidelines.
A. When the advertising services in the exchange are similar
B. When the fair value of the advertising services received can be reliably measured
C. When there is a nonbarter transaction for similar advertising services that can be reliably measured with the same counterparty
D. When there is a nonbarter transaction for similar advertising services that can be reliably measured with a different counterparty
Answers: 2
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