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1. Each of the following definitions relates to terms relevant for revenue recognition a Transaction price b. Performance obligation c. Contract d. Receivable e. Contract

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1. Each of the following definitions relates to terms relevant for revenue recognition a Transaction price b. Performance obligation c. Contract d. Receivable e. Contract liability f. Revenues g. Incremental costs h. Contract modification i Applicable constraint the costs that a seller incurs by obtaining the contract but would not have been incurred if the contract had not been obtained Choose a promise in a contract with a customer to transfer goods or services Choose an agreement between two or more parties that creates enforceable rights and obligations Choose the amount of consideration a seller expects to be entitled to receive in exchange for providing the promised goods or services to the customer Choose increases in assets or settlements of abilities from activities that are the company's ongoing major or central operations Choose a contract term that could cause the amount of consideration received o be less than the amount expected Choose represents the seller's unconditional right to receive consideration from a customer Choose agreed upon change in the type quantity of price of goods or services to be devered Choose anses when a customer's Dayment of consideration occurs prior to the seller's performance Choose

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