Question: Q1. A real estate developer, enters into a contract with a customer for the sale of a building for $1 million. The customer intends to

Q1. A real estate developer, enters into a contract with a

Q1. A real estate developer, enters into a contract with a customer for the sale of a building for $1 million. The customer intends to open a restaurant in the building. The building is located in an area where new restaurants face high levels of competition, and the customer has little experience in the restaurant industry. Should the entity identify this as a contract under Topic 606

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