Question
Which of the following is not an indicator that a promise is separately identifiable within a contract? lack of integration with other promised goods
Which of the following is not an indicator that a promise is separately identifiable within a contract? lack of integration with other promised goods or services. does not modify another good or service. is not dependent on other goods or services. lack of commercial substance like other goods or services.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Identifying a definite Good Or Service Once an entity has identified the products or services promised within the contract it must determine which goods and services are distinct The FASB outlines two ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
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