Question: 1. What is the Variable Transaction Price considering General Journal? 2. Please explain the use of variable transaction price in a corporation. (explaining it with

1. What is the Variable Transaction Price considering General Journal?

2. Please explain the use of variable transaction price in a corporation. (explaining it with examples would be valuable.)

3. Please explain the differences between the US GAAP and IFRS accounting and reporting of the variable transaction price.

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