2. Identify the performance obligations in the contract. A contract includes a promise to transfer goods or
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2. Identify the performance obligations in the contract. A contract includes a promise to transfer goods or services to the customer. If those goods or services are clearly distinct, performance obligations exist and are accounted for separately.
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Financial Accounting Introduction To German GAAP With Exercises
ISBN: 9783110744125
2nd Edition
Authors: Nothhelfer, Robert
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