Question: When a contract includes multiple performance obligations... All revenue is recognized in the amount of the contract price on the date the contract is signed.
When a contract includes multiple performance obligations... All revenue is recognized in the amount of the contract price on the date the contract is signed. Revenue is always recognized on a straight-line basis until the last performance obligation is satisfied. The contract price is allocated to each performance obligation in proportion to the obligations' stand-alone selling prices and recognized as revenue as each performance obligation is completed. All revenue is deferred until the date the last separate performance obligation is satisfied
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