A firm that reports under IFRS is producing under a long-term contract for which it cannot measure the outcome reliably. In the first year of the contract, the firm has spent €300,000 and collected €2
A、Revenue of €300,000,expenses of €300,000,and no profit.
B、No revenue,expenses,or profit until the contract is completed.
C、Revenue of €200,000,expenses of €300,000,and a loss of €l00,000.