Business, 25.11.2021 14:00 lilyella06
A company accounts for a contract modification as a new contract:
a. if the company has the right to receive an amount of consideration that reflects the standalone selling price of the promised goods or services.
b. the promised goods and services are distinct.
c. the promised goods and services are distinct and the company has the right to receive an amount of consideration that reflects the standalone selling price of the promised goods or services.
d. the prospective approach is used.
Answers: 1
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A company accounts for a contract modification as a new contract:
a. if the company has the right...
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