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Business, 26.02.2021 02:50 StudentLife336

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 contract is signed. 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 last separate performance obligation is satisfied.

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For contracts that include more than one separate performance obligation: Multiple Choice Revenue is...
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