Question $8$ Not yet answered Marked out of $10\mathrm{.}00,$ P Flag question

when the pants are transferred to the customer, so at that point, the retailer can recognize revenue. In more complex transactions, the new revenue recognition rules require additional steps and

sellers must deal with more complex problems.

Select one:

a$.$ In the case of a contract in which there is more than one performance obligation, none of the total transaction price is recognized untill the final performance obligation is completed.

b$.$ One step is to determine the performance obligation$($s$)$ in the contract.

c$.$ One difficulty in some complex transactions is the lack of a distinctive transaction price.

d$.A,B,$ and $C$ are true.

$B$ and $C$ are true