Question
1.Determining the transaction price can be more challenging some situations, such as: Select one: a.When a customer pays for the goods or services at the
1.Determining the transaction price can be more challenging some situations, such as:
Select one:
a.When a customer pays for the goods or services at the same time of the entity's performance
b.All of the given choices
c.When a customer pays in a form other than cash
d.When the transaction price is fixed (not variable)
2.When the entity select the amount that is most likely to be received considering the range of possible amounts. Based on this information, the method that entity should use to estimate the variable consideration is:
Select one:
a.Most likely amount approach
b.None of the given choices
c.Allocation approach
d.The expected value approach
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