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In order for a performance obligation to be considered a separate performance obligation under the revenue recognition standard, the obligation must be Integrated or bundled

In order for a performance obligation to be considered a separate performance obligation under the revenue recognition standard, the obligation must be

Integrated or bundled into a combined product.

Useful to the customer on its own or with another readily available resource.

Material considering the seller's total assets.

Interrelated with other goods or services within the contract.

When estimating variable consideration, companies can use the expected value method or most likely amount method. Companies may pick the method that results in the lowest administrative cost.

True

False

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