Schwartz offers its customers payment terms of 1/10, n/30, where purchasers making payment within 10 days of product receipt will receive a discount of 1% of the purchase price, or must pay the full balance due within 30 days. Schwartz has just received payment from a new customer who paid within the 10-day window and is thus entitled to the 1% discount. This discount will not result in a loss to Schwartz on the sale of the product.

Required: 1. Determine how Schwartz should account for this discount using ASC 606-10. 2. Explain how you located the relevant guidance, including the search method used, and which sections you reviewed within Topic 606.