Which of the following is not a characteristic of a distinct good or service?
A) It can be used on its own or in combination with other goods or services the seller could obtain elsewhere
B) It is not highly dependent on other goods or services in the contract
C) It has a stand-alone selling price
D) It is not interrelated with other goods or services in the contract
Correct Answer:
Verified
Q76: Vendor-specific objective evidence of separate sales prices
Q77: Over the life of a particular account
Q78: Revenue is not recognized under the realization
Q79: Initial franchise fees are always recognized on
Q80: When the expected collection of accounts receivable
Q82: Mary signed up and paid $1200 for
Q83: On June 1st, Lucy & Bros received
Q84: When accounting for multiple-element software arrangements, the
Q85: Consider the following three scenarios:
I. ABC
Q86: Companies recognize revenue only when:
A) A contract
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents