A Company Must Account for a Contract Modification as a New

question 76

Multiple Choice

A company must account for a contract modification as a new contract if

• A) the modification adds distinct goods or services at a price that reflects their stand-alone selling price.
• B) the seller has the right to receive consideration equal to the stand-alone selling price of the promised goods or services.
• C) the promised goods or services are distinct and separable from other goods or services promised in the original contract.
• D) the promised goods or services are distinct and the contract has commercial substance.

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Definitions:

Gestures

Movements or actions, often made with fingers or hands on touchscreens and trackpads, that control or command device functions.

Administrator Account

A user account with full permissions to modify system settings, manage other users, and install software in a computing system.

Safe Mode

A diagnostic mode for operating systems that starts the system with minimal drivers and services to troubleshoot issues.

User Account

An account for a person that provides access to a computer system or service, often protected by a username and password.