QUESTION 3 Variable consideration in the transaction price refers to at least in part A variations in the number of items ordered and delivered B. the selling company's return policies C. the purchaser's payment terms OD. the impact of price related to discounts or refunds QUESTION 4 When following ASPE, all of the following criteria must be satisfied in order to recognize revenue for the sales of goods under the earnings based approach, except O A. the risks and rewards have been transferred to the customer. B. the service has been performed. o the seller has no continuing involvement. D. collection is reasonably assured. QUESTION 5 Earnings are considered to be of higher quality if O A cash flow from operating activities is greater than net earnings. O B. cash flow from investing activities is less than net earnings C. cash flow from investing activities is greater than net earnings OD. cash flow from operating activities is less than net earnings