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According to ASC Topic 606 guidance for revenue recognition, which of the following statements is true regarding customer options when identifying performance obligations in a
According to ASC Topic 606 guidance for revenue recognition, which of the following statements is true regarding customer options when identifying performance obligations in a contract? 24 1.25 Multiple Cholce points 01:32:57 There Is an additional performance obligation for additional goods or services If the customer could obtaln the same rights to additional goods or services without entering into the current contract agreement There is an additional performance obligation for additional goods or services if the option in the contract provides for the additional goods or services at their stand-alone selling price. There Is an additional performance obligation for additional goods or services If the customer could obtain the same rights to additlonal goods or servIces elsewhere but the additional good or services are provided for free or at a discount In the current contract. There Is no additional performance obligatlon for addltional goods or services If they will be received for free or at a discount, as long as the goods or services are similar to the other goods in the current contract
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