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During assessment to check if it is appropriate to include all of the variable consideration in the transaction price, what step should be taken regarding
During assessment to check if it is appropriate to include all of the variable consideration in the transaction price, what step should be taken regarding recognition of variable consideration?
The entity should not include any of the variable consideration.
The entity should assess whether it should include part of the variable consideration subject to the revenue reversal test.
The entity should assess whether it should include variable consideration subject to percentage of probability test.
Entity need to follow judgmental approach.
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