Nottingham Ltd. entered into a contract to supply trophies to Golf Co. over the next three years.
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Nottingham Ltd. entered into a contract to supply trophies to Golf Co. over the next three years. The contract contained two distinct performance obligations. After one year, the contract price was updated to reflect current market conditions. How should Nottingham account for the change in the contract price?
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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