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KNOWLEDGE CHECK

FASB financial accounting & reporting
Revenue recognition

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* When identifying contracts with customers, which is an indicator of a combined contract?

The contracts are entered into at or near the same time.

The contracts do not have any modifications or amendments.

The amounts of consideration in the two contracts are independent, but with the same customer.

The customer receives a discount as a result of an existing relationship.

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KNOWLEDGE CHECK

FASB financial accounting & reporting Revenue recognition

FASB financial accounting & reporting Revenue recognition

Check your knowledge on this topic

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FASB financial accounting & reporting
Revenue recognition

FASB financial accounting & reporting
Revenue recognition