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If More Than One Performance Obligation Exists,the Total Contract Price

Question 46

Multiple Choice

If more than one performance obligation exists,the total contract price:


A) is split by referring to the stand-alone price of each part sold separately.
B) is recognized as revenue once one of the performance obligations is satisfied.
C) is recognized as Deferred Revenue and later recognized as Revenue when the performance obligations are satisfied.
D) is allocated by contract,first to written contracts,then to verbal contracts,and finally to implied contracts.

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