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Business, 22.04.2020 02:46 naajaae328

Allocating a transaction price to multiple performance obligations includes which of the following steps: a. Consolidate the components of the contract to two performance obligations because a contract should not have more than two performance obligations. b. Obtain an independent appraisal of the value of services identified as a performance obligation. c. Identify distinct goods and/or services as separate performance obligations. d. Complete each performance obligation before recognizing any revenue from the contract.

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