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Under IND AS 115, revenue should be recognized when the performance obligation is satisfied. A performance obligation is defined as a promise to transfer a good or service to a customer. The satisfaction of a performance obligation occurs when control of the promised good or service is transferred to the customer. This means that the customer has the ability to use and benefit from the good or service and also bears the risks and rewards associated with ownership of the good or service.
When Google tried to open an office in China to sell its web services and advertising tools, which was eventually shut down, Google was trying to engage...
The process of building and developing long-term relationships with customers by delivering customer value and satisfaction is known as:
At which step of the planning stage of the strategic marketing process does a firm develop the program's marketing mix?
Facebook had slightly over __________ unique U.S. visitors per day by September 2011.
Which survey type is usually biased because those likely to respond have had especially positive or negative experiences with a given product, service, ...
Which product below is likely purchased using discretionary income?
Femina high magazine is a new publication designed to appeal to women over the age of 40. Demand for such magazines is an example of how changing _____ ...
Ford Motor Company of Canada lumps together prospective buyers that share common needs for purchasing a new vehicle. What is Ford engaged in:
A major difficulty in classifying products by type of user is that some products can be considered both consumer and industrial goods. To clarify decisi...
A dishwash liquid manufacturing company comes up with mild formula for lightly soiled utensils, lemon mix formula for medium soiled utensils and lemon a...
