Question: What qualitative disclosures do the standards require for revenue recognition ? ( Select all that apply . ) Question content area bottom Part 1 Companies
What qualitative disclosures do the standards require for revenuerecognitionSelect all thatapply
Question content area bottom
Part
Companies provide information about performance obligations including descriptionof:
A
The significant paymentterms when payment isdue whether there is variable consideration and if it isconstrained whether there is a significant financing component.
B
Anynoncash consideration when calculating the contract price.
C
Types of warranties and related obligations
D
When the company typically satisfies its performance obligations.
E
Nature of goods or services that the entity has promised totransfer highlighting any performance obligations to arrange for another party to transfer goods or services.
F
Obligations forreturn refunds, or similar obligations
G
Companies also explain their revenue recognition policy.
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