Question: If a contract involves a significant financing component, a . the time value of money is not required to determine transaction price if the payment

If a contract involves a significant financing component,
a. the time value of money is not required to determine transaction price if the payment is more than a year after the transfer occurs.
b. interest is not accrued as a result of the financing component.
c. the time value of money is used to determine the fair value of the transaction.
d. the transaction amount should be based on the current sales price of goods or services.
If a contract involves a significant financing

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