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Under ASC 606, the client formed the contract with the constructor. The client needs two buildings but will be build in different location. Also, there
Under ASC 606, the client formed the contract with the constructor. The client needs two buildings but will be build in different location. Also, there are several requirements to form the contract such as (1) Estimation cost, (2) Estimation period, (3) % of margin policy, and (4) payment term.
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1 Both buildings have separate performance obligations under ASC 606 because of their requirements as both of the buildings are in different locations ...
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Chemistry The Central Science
Authors: Theodore Brown, Eugene LeMay, Bruce Bursten, Catherine Murphy, Patrick Woodward
12th edition
321696727, 978-0132175081, 978-0321696724
