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Final Exam $-$ Part $1$

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Item$11$

Time Remaining $2$ hours $5$ minutes $55$ seconds

$02$:$05$:$55$

Item $11$

Time Remaining $2$ hours $5$ minutes $55$ seconds

$02$:$05$:$55$

Which of the following is not an indicator that revenue can be recognized over time?

Multiple Choice

The seller is enhancing an asset that the buyer controls as the service is performed.

The customer consumes the benefit of the seller's work as the seller performs the service.

None of these answer choices are correct.

The seller is creating an asset that has an alternative use to the seller, and the seller can receive payment for its progress even if the customer cancels the contract.

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