Question: When an estimated transaction price changes, what are the likely consequences? Multiple choice question. The original transaction price is used to determine the amount of
When an estimated transaction price changes, what are the likely consequences? Multiple choice question. The original transaction price is used to determine the amount of revenue to be recognized. A gain or loss is recognized for the change in the estimated transaction price. The lesser of the original or revised transaction price is used to determine the amount of revenue to be recognized. The revised transaction price is used to determine the amount of revenue to be recognized
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