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11105


If contract outcome cannot be estimated reliably


Percentage of completion method is not used,
if the contract outcome cannot be estimated reliably

ias 11-pr32
if the contract outcome cannot be estimated reliably,

(1) revenue is recognised up to the contract costs recoverable
(2) costs are recognised, as an expense, when they are incurred
(3) expected loss on the contract is recognised immediately
 

   
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