Which Statement Is Correct About Multiple Performance Obligation Arrangements

question 79

Multiple Choice

Which statement is correct about multiple performance obligation arrangements?

• A)The revenue recognition criteria no longer apply to these transactions.
• B)The revenue must be allocated to the components of the sale evenly over the life of the contract.
• C)The revenue must be recognized evenly over the life of the contract.
• D)Identifying the different sources of revenue increases the representational faithfulness.

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