Complex sales contracts are most likely to result in higher risks regarding all of the following except:
A)Identifying the contracting parties.
B)Determining performance obligations.
C)Determining when performance obligations are met.
D)Allocating the transaction price to performance obligations.

Question

Quizplus · Accepted Answer

Complex sales contracts may involve multiple performance obligations and challenging allocation of the transaction price. However, identifying the contracting parties is not typically a difficult or risky task, especially if the contract involves established businesses with clear legal identities.

Complex Sales Contracts Are Most Likely to Result in Higher