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Can you please check my work? At the time of contract signing, no journal entry is recorded. O a contract asset is recorded. a note

Can you please check my work?

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At the time of contract signing, no journal entry is recorded. O a contract asset is recorded. a note to the financial statements must be included. a contract liability is recorded. The new IFRS standard, IFRS 15 Revenue from Contracts with Customers adopts a(n) earnings approach to revenue recognition. cash-based approach to revenue recognition. earned and realized approach to revenue recognition. asset-liability approach to revenue recognition

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