Match the following scenario with the revenue recognition concept under the five-step approach. 4 The Company offers all customers a warranty of one year on equipment sold. The Company offers a 2% discount if the 3 customer pays within 30 days. Most customers pay within 30 days and take the discount. Upon completion of the contract, the cash unchanged. The Company sells merchandise to _- 3 _- customers for cash. However, it allows for a 90 day return policy. It is likely that a customer will pay for the order. Coupon rewards are provided to customers based on past purchases. A Company offers extended payment terms that go beyond two years. Company D manufactures and installs flooring for use in commercial real estate. 1. A contract for revenue recognition purposes exists. 2. A contract does not exist for revenue recognition purposes. 3. More than one performance obligation under a revenue contract exists. 4. Only one performance obligation exists for this revenue contract. 5. The matter adjusts the contract price in the direction of an increase. 6. This matter adjusts the contract price in the direction of a decrease. _-_ 1service and the company has delivered the order. Coupon rewards are provided to customers 6 based on past purchases. A Company offers extended payment terms that go beyond two years. Company D manufactures and installs flooring for use in commercial real estate. _-_ 3 _- Customers may purchase from Company D only the flooring, only the installation, or both the flooring and the installation. A construction company regularly engages in projects and can reasonably estimate the _-_ \( \underline{5}_{\text {_- }} \) probability of completing a job on-time. The contract includes a bonus, if the work is completed by August 31, 2025. A company offers to manufacture and install the windows. Each window is custom made 3 and requires significant modification to fit, at 3. More than one performance obligation under a revenue contract exists. 4. Only one performance obligation exists for this revenue contract. 5. The matter adjusts the contract price in the direction of an increase. 6. This matter adjusts the contract price in the direction of a decrease. This matter has no effect on the contract price, 7. but instead creates a liability under the assetliability approach