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Posted on Sep 08, 2024

I would like to hear your opinion on whether ASC 606 (revenue recognition standard in the United States) fits in one of the following categories.

I would like to hear your opinion on whether ASC 606 (revenue recognition standard in the United States) fits in one of the following categories. Please justify your answer with an example or two. Is ASC 606:

1) Too complex

2) Just right in its complexity

3) Too simple for today's complex economy

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