Question: For each of the following issues, indicate which Codification section should be consulted. Determining the timing for when an entity should recognize revenue. Answer 1

For each of the following issues, indicate which Codification section should be consulted.
Determining the timing for when an entity should recognize revenue.
Answer 1Overview and BackgroundRecognitionInitial Measurement,Subsequent MeasurementOther Presentation Matters
This section provides general information on the Codification topic. If you are looking at an unfamiliar Codification topic for the first time, this section is a good place to start.
Answer 2Overview and BackgroundRecognitionInitial MeasurementSubsequent MeasurementOther Presentation Matters
Recording the effects of inventory obsolescence.
Answer 3Overview and BackgroundRecognitionInitial Measurement,Subsequent MeasurementOther Presentation Matters
Determining what amount (from within a range of possible losses) to record for a loss contingency.
Answer 4Overview and BackgroundRecognitionInitial Measurement,Subsequent MeasurementOther Presentation Matters
Determining whether an event occurring after the balance sheet date (a subsequent event) should be recorded.

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