Which is Not a Characteristics of “Contract for Purposes of Revenue Recognition”?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks about characteristic for contract for purposes of revenue.
Asks about characteristic for contract for purposes of revenue.
Asks of given answers which is NOT an indicator.
Asks which is NOT a step to recognize revenue.
Asks what is true about ASU 2014-09
Asks about licenses and which is true.
Asks which is NOT indicator for recognizing revenue over time.
Asks which is not an indicator to adjust variable consideration.
In a statement of cashflows, asks which is NOT operating.
Asks which is not true about returns.
Asks which is consistent with goods, services being distinct (for the purposes of identifying separate performance obligations)