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NEW QUESTION 37
Why Is Satisfaction Method a key element of a Performance Obligation?

A. because it determines whether revenue for a good or service is recognized Over Time or Point in TimeB. because it calculates the percentage of Total Transaction Price allocated to dateC. because it calculates the amount of Total Transaction Price allocated to dateD. because it specifies whether revenue has been fully or partially recognized for a good or service

Answer: A

 

NEW QUESTION 38
Which three attributes are helpful in defining a Contract Identification Rule?

A. Product DescriptionB. Delivery AddressC. LedgerD. Quote NumberE. Bill To CustomerF. Business Unit

Answer: A,B,D

 

NEW QUESTION 39
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

A. Contract ExpenseB. Contract ClearingC. Contract LiabilityD. Contract AssetE. Contract Price VarianceF. Contract Revenue

Answer: A

 

NEW QUESTION 40
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