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The standard, Revenue from Contracts with Customers, adopts criteria that de - emphasize the importance of contracts with customers. adopts a revenue - gain approach

The standard, Revenue from Contracts with Customers,

adopts criteria that de

-

emphasize the importance of contracts with customers.

adopts a revenue

-

gain approach for revenue recognition.

adopts "earned and realized" criteria.

adopts an asset

-

liability approach for revenue recognition.

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