Respond to the questions related to the following statements services to the customer nor receiv contracts not recorded in the accounts? s one in which the company has neither transferred the promised goods or ed, or become entitied to receive, any consideration Why are these rformance obligations are the unit of account for purposes of applying the revenue recognition and therefore determine when and how revenue is recognized. Is this statement correct? 2) Pe 3) Ellie Company contracts with a customer and provides the customer with an option to purchase additional goods for free or at a discount. Should Elaina Company account for this option? Why or why not? generally not adjusted to reflect the customer's credit risk, meaning the risk that ) The transaction price is the customer will not pay the amount to which the entity is entitled to under the cont statement