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Under ASC 606, a contract modification is accounted for as a separate contract if the additional promised goods are List A> and the price for
Under ASC 606, a contract modification is accounted for as a separate contract if the additional promised goods are List A> and the price for these additional goods is cList B> List A Not distinctTheir incremental selling Their standalone selling price Distinct Not distinct Cumulative catch-up adjustment to revenue Based on the price of the original contract Distinct
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Cost Accounting Foundations And Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
7th Edition
0324560559, 978-0324560558
