According to the SEC's SAB No

question 13

Multiple Choice

According to the SEC's SAB No. 101, which of the following is not necessary for revenue recognition?

• A) The seller's price to the buyer is fixed.
• B) Collectibility is reasonably assured.
• C) The seller has determined that the buyer will take the discount.
• D) Persuasive evidence of an arrangement exists.

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Definitions:

Semiannual Payments

Payments that are made twice a year, commonly found in the context of bonds or loan agreements.