For contracts that include more than one separate performance obligation: Multiple Choice Revenue is recorded over time at the fair value of each performance obligation. Revenue is recognized in the amount of the contract price on the date the last separate performance obligation is satisfied. The contract price is allocated to each performance obligation in proportion to the obligations' stand-alone selling prices. Revenue is recognized in the amount of the contract price on the date the contract is signed

The a/p clerk of a company writes the checks for vendors, and the controller signs the checks. the a/p clerk hasdevised a plan to give herself a raise. she creates a new vendor for her friend's business and creates two purchaseorders for random car detailing services for $75 and $70. she writes the checks to pay these new vendors knowing thecontroller will only pay close attention to checks over $100. she delivers the checks to her friend to deposit in his bankaccount, and then he writes her a personal check for the full amount of $145.ceventually, what will be the effect of her actions? what can the company do to prevent this type of behavior? due mondav