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Revenue consisting of dividends from other companies is not recognized until actually received. True or false?

Team Management Financial Accounting Internal Audit Financial Management Financial Systems Implementation
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Question added by Deleted user
Date Posted: 2013/08/28
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Prince Ninan
by Prince Ninan , Audit Executive , Lewis & Pecker

Flase- dividend can be recognised when it is declared by the company

Farhan uddin Khilji
by Farhan uddin Khilji , Head of Internal Audit , ABV Rock Group Co. Ltd.

True.
As per revised IAS18, Revenue consisting of dividends from other companies is not recognized until actually received.

Deleted user
by Deleted user

True

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