Access the FASS Standards Codification at the FASB website (adc.fash.org).
Required:
Determine the specific citation for accounting for each of the following items:
1. On what basis is a contract's transaction price allocated to its performance obligations?
2. What are indicators that a promised good or service is separately identifiable from other goods and services promised in the contract?
3. Under what circumstances is an option viewed as a performance obligation?