Question: A contract for revenue recognition purposes exists. A contract does not exist for revenue recognition purposes. More than one performance obligation under a revenue contract

A contract for revenue recognition purposes exists.
A contract does not exist for revenue recognition purposes.
More than one performance obligation under a revenue contract exists.
Only one performance obligation exists for this revenue contract.
The matter adjusts the contract price in the direction of an increase.
The matter adjusts the contract price in the direction of a decrease.
This matter has no effect on the contract price but instead creates a liability under the asset-liability approach.

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