If the estimate of a transaction price is revised, the price change is allocated entirely to the remaining performance obligations that are yet to be satisfied.

Question

Quizplus · Accepted Answer

When the estimate of a transaction price is revised, the change in the transaction price is generally allocated to all performance obligations in the contract, including those that have already been satisfied, unless the change is attributable to an entirely distinct new obligation.

If the Estimate of a Transaction Price Is Revised, the Price