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Which of the following is not a necessary condition for a firm to account for a customer contract under the ASC Topic 606 guidance for

Which of the following is not a necessary condition for a firm to account for a customer contract under the ASC Topic 606 guidance for revenue recognition?

Multiple Choice

A. Payment terms may not include a variable component.

B. The rights of each party can be identified.

C. The contract has commercial substance.

D. Collection is probable.

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