1. If the estimate of a transaction price is revised, the price change is allocated entirely to the remaining performance obligations that are yet to be satisfied. True or False
2. The transaction price should be adjusted to reflect the time value of money for interest payable, but not for interest receivable. True or false
3. If the seller is paid prior to delivery of goods or services and the time value of money is viewed as significant, the seller subsequently will recognize interest expense. true or false