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COBIT 2019 Foundation

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Which of the following is/are revenue recognition methods?
I. Completed Contract Method
II. Successful Efforts Method
III. Deferred Collection Method
IV. Full Cost Method
A. I & III
B. I, II & IV
C. I only
D. I, II, III & IV
Answer: C
II and IV refer to the methods under which costs in drilling oil wells can be capitalized. There is no such thing as III.



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