The General Rule Is That the Transaction Price Should Be

question 149

Multiple Choice

The general rule is that the transaction price should be allocated on the relative standalone selling prices prices unless a discount is ________.

• A)not related to all of the contracts performance obligations
• B)related to all of the contracts performance obligations
• C)part of the variable consideration
• D)not part of the variable consideration

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Definitions:

Death Certificate

A permanent record of an individual’s death.

SIDS

Sudden Infant Death Syndrome, an unexplained death, usually during sleep, of a seemingly healthy baby less than a year old.

World Health Organization

A specialized agency of the United Nations responsible for international public health, often abbreviated as WHO.

Disposition

An individual's inherent qualities of mind and character, or the way in which something is placed or arranged.