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a. When was ASC 606-10 first effective for a private company with a calendar year-end? b. How must the standard be initially applied (prospectively, retrospectively)?

a. When was ASC 606-10 first effective for a private company with a calendar year-end?

b. How must the standard be initially applied (prospectively, retrospectively)? Explain.

c. Were private companies permitted to early adopt this standard?

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