Which of the following statements is false?
a. IFRS employs the time period assumption.
b. IFRS employs accrual accounting.
c. IFRS requires that revenues and costs must be capable of
being measured reliably.
d. IFRS uses the cash basis of accounting.

. As a result of the revenue recognition project by the FASB and

a. revenue recognition places more emphasis on when the performance obligation is satisfied.
b. revenue recognition places more emphasis on when revenue
is realized.
c. revenue recognition places more emphasis on when expenses
are incurred.
d. revenue is no longer recorded unless cash has been received