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Companies recognize revenue over a period of time if (1) the customer controls the asset as it is created or (2) the company does not

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Companies recognize revenue over a period of time if (1) the customer controls the asset as it is created or (2) the company does not have an alternative use for the asset, with the following conditions: (a) the customer receives benefits as the company performs, and (b) the company has a right to payment. True False

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