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Under ASC Topic 6 0 6 , revenue should be recognized for services when: the customer promises to pay for the service and the service
Under ASC Topic revenue should be recognized for services when:
the customer promises to pay for the service and the service date is confirmed.
the service contract is in writing and signed.
the service performance obligation is satisfied.
it is assured that there will be no need for warranty performance after service is rendered.
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Accounting Systems
Authors: Ronald W. Hilton, David E. Platt
10th Edition
1308172486, 978-1308172484
