What would be good responses for the following? Review eHealth's Form 10-K for the fiscal year...

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What would be good responses for the following? Review eHealth's Form 10-K for the fiscal year ended December 31, 2019 1.) The accounting policy that I think provides the fairest representation of eHealth's financial performance is when commission revenue is recognized when it is received. The LTV measure seems to be very subjective and complex, and the assumptions and inputs used can be subject to manipulation that could potentially mislead the real business performance, or the quality of revenue reported. 2.) I believe that ASC 606 provides the fairest representation of eHealth's financial performance. This policy ensures that revenue is recognized when the promised goods or services are transferred, in an amount that reflects the consideration expected to be received. By following the principles outlined in ASC 606, eHealth can accurately allocate transaction prices to performance obligations in contracts, ensuring transparency and consistency in reporting revenue. It also allows for adjustments to be made retrospectively, providing a clearer picture of financial performance over time. What would be good responses for the following? Review eHealth's Form 10-K for the fiscal year ended December 31, 2019 1.) The accounting policy that I think provides the fairest representation of eHealth's financial performance is when commission revenue is recognized when it is received. The LTV measure seems to be very subjective and complex, and the assumptions and inputs used can be subject to manipulation that could potentially mislead the real business performance, or the quality of revenue reported. 2.) I believe that ASC 606 provides the fairest representation of eHealth's financial performance. This policy ensures that revenue is recognized when the promised goods or services are transferred, in an amount that reflects the consideration expected to be received. By following the principles outlined in ASC 606, eHealth can accurately allocate transaction prices to performance obligations in contracts, ensuring transparency and consistency in reporting revenue. It also allows for adjustments to be made retrospectively, providing a clearer picture of financial performance over time.

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1 Analysis of Accounting Policy for Commission Revenue Recognition Your observation regarding the recognition of commission revenue when received high... View the full answer