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Identifying Accounting Treatment for Contract Modifications Match each of the contract modifications a to c with the proper accounting treatment, 1 through 3. Accounting treatment

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Identifying Accounting Treatment for Contract Modifications Match each of the contract modifications a to c with the proper accounting treatment, 1 through 3. Accounting treatment 1. New separate contract with no change to original contract 2. Termination of original contract and creation of a new combined contract 3. Cumulative catch-up adjustment with no new contract

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