Questo 7 If a contract involves a significant financing component Not yet answered Marked out of 1.00 Select one: O a interest is not accrued as a result of the financing component. b. the transaction amount should be based on the current sales price of goods or services: Flag question c the time value of money is not required to determine transaction price, if the payment is more than a year Od the time value of money is used to determine the fair value of the transaction