Below is a list of specific revenue recognition terms discussed in the chapter.
1. ______ Enforceable right to receive consideration
2. ______ Critical event
3. ______Performance obligation
4. ______ Allowance for sales returns
5. ______ Variable consideration
6. ______ Earnings process
7. ______Control
8. ______ Refund liability
Instructions
Beside each term above, indicate whether it is related to
(a) The contract-based approachor
(b) The earnings approach.