Question
A survey by Connor Group examining the financial statement impact of ASC 606 found that under the new revenue recognition standard, technology companies tend to
A survey by Connor Group examining the financial statement impact of ASC 606 found that under the new revenue recognition standard, technology companies tend to recognize revenue on sales involving multiple-element arrangements:
Multiple Choice
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earlier than under previous GAAP.
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at about the time as under previous GAAP.
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later than under previous GAAP.
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when the related cash is collected.
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Core Concepts of Accounting Information Systems
Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman
12th edition
1118022300, 978-1118022306
