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A contract asset. a) represents the seller's perfomance obligation. b) arises when a customer's payment of consideration occurs prior to the seller's perfomance under the
A contract asset. a) represents the seller's perfomance obligation. b) arises when a customer's payment of consideration occurs prior to the seller's perfomance under the contract. c) represents the seller's unconditional right to receive consideration from customer. d) arises when the seller's right to consideration from customer is conditional upon something other than the passage of the time.
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