Question: Section 1: Write one page. Read the first four pages in Variable Consideration and the Constraint (Links to an external site.l, stopping at Diversity in

Section 1: Write one page. Read the first four
Section 1: Write one page. Read the first four pages in Variable Consideration and the Constraint (Links to an external site.l, stopping at Diversity in Thought. Write a one-page report that addresses the bullets below. Your writing should reference the Accounting Standards Codification. Section ASC 606 using proper intext citations. Include the following in your evaluation: . Describe variable consideration. . Explain what a company must do if a contract contains a variable consideration. . Identify the items in a contract that generally result in a variable consideration. . Explain the expected value and most likely approach. . Summarize the factors to be considered in the analysis when a reversal could occur and why they are important

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