9. To measure progress over time in a long-term contract, c include: companies use various methods that a. Output methods b. Input methods C combination of input and output methods d all of the above e. only a and b above. 10. For the purpose of disclosure in financial statements, companies must disclose a. description of performance obligations b. the transaction allocated price allocated to unsatisfied performance c. when performance obligation will be satisfied d. all of the above e. only a and c above. 11. T, F. A company will have to disaggregate revenues into categories that allow users to determine how revenues are affected by economic factors that informed the contracts 12. T, F, when the performance obligation is not satisfied over time, the seller must select the input or output method to measure progress over time. 13. T, F. Percentage of production or output method of revenue recognition requires that a good agreement be reached as to the point when the percentage is earned or satisfied. The contract is for 5 years and it includes regular upgrade to the software. How should the Software Company threat this payment: 14. T, F. A software Company received $50,000 contract to develop a particular software for a customer. a. Unearned Revenue b. Deferred Revenue c. Unearned Revenue that is amortized $10,000 each year as earned