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A contract a. must have commercial substance to be legally enforceable. b. may qualify for revenue recognition even if one party can unilaterally cancel the
A contract
| a. | must have commercial substance to be legally enforceable. | |
| b. | may qualify for revenue recognition even if one party can unilaterally cancel the contract before performance. | |
| c. | must be in writing to be enforceable for accounting purposes. | |
| d. | is an agreement that creates enforceable rights and obligations. |
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