Question
Which of the following statements is not applicable to revenue recognition guidance under ASC Topic 606? Disaggregated revenues are to be disclosed in a note
Which of the following statements is not applicable to revenue recognition guidance under ASC Topic 606?
Disaggregated revenues are to be disclosed in a note to the financial statements.
Firms must disaggregate revenues into categories that depict how revenue is affected by economic factors.
The standard applies a minimum number of categories that must be provided.
Revenue may be disaggregated by geographic region.
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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