How does disaggregation analysis enhance revenue recognition? a) Revenue recognition needs no breakdown b) Combined treatment works better c) Separates complex contracts into distinct performance obligations d) Single entries capture all elements MCQ
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How does disaggregation analysis enhance revenue recognition? a) Revenue recognition needs no breakdown b) Combined treatment works better c) Separates complex contracts into distinct performance obligations d) Single entries capture all elements MCQ
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- In applying the revenue recognition principle, which of the following statements regarding multiple performance obligations is incorrect? A. If the transaction has multiple performance obligations, the transaction price is allocated among the different performance obligations. B. Revenue is recognized after all performance obligations are satisfied. C. A contract might have multiple performance obligations. D. The business can recognize revenue when (or as) it satisfies each performance obligation by transferring a good or service to a customer.Ac. When a transaction involves multiple performance obligations in a single transaction Select one : a . All revenue can be recognized once the product has been delivered and the service has been provided . b . The revenue must be deferred until the last performance obligation has been completed c . The performance obligations involve products but not services d . The seller must separate the revenue into two or more elementsThe third step in the process for revenue recognition is to (Enter 1, 2, 3, or 4 that represents the correct answer): determine the separate performance obligations in the contract. allocate transaction price to the separate performance obligations. determine the transaction price. determine the amount of revenue when each performance obligation is satisfied.