Question: SELECT ALL CORRECT RESPONSES Select one or more: a. A swap or exchange for goods or services of a similar nature and value generates revenue.

SELECT ALL CORRECT RESPONSES Select one or more:

a. A swap or exchange for goods or services of a similar nature and value generates revenue.

b. Revenue is measured at the transaction price that is allocated to that performance obligation.

c. Collectability of amounts due from customers is a measurement issue, not a recognition issue.

d.If payment for the goods or services is deferred, the fair value of the consideration will be less than the nominal amount of the cash receivable.

e. Revenue is measured at the fair value of the consideration given by the seller.

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