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One of the conditions that must be met to apply the five - step model under ASC Topic 6 0 6 is that collection of

One of the conditions that must be met to apply the five

-

step model under ASC Topic

606

is that collection of the contract

-

related consideration is probable. Required:A

.

Does this condition apply to IFRS?B

.

For which standard is this condition easier or earlier met? Why?

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