Variable consideration in the transaction price refers to,at least in part:
A)variations in the number of items ordered and delivered
B)the impact of price related to discounts or refunds
C)the selling company's return policies
D)the purchaser's payment terms

Question

Quizplus · Accepted Answer

Variable consideration refers to changes in the transaction price due to factors such as discounts, rebates or refunds. Therefore, the best choice is B. A, C and D refer to other factors that could affect the transaction price, but they are not specific to variable consideration.

Variable Consideration in the Transaction Price Refers To,at Least in Part