What must a contract include for the contract to exist for purposes of revenue recognition?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Aug 04, 2016 10:06 AM

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What must a contract include for the contract to exist for purposes of revenue recognition?

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A contract specifies the legal rights and obligations of the seller and the customer For a ...View the full answer

Intermediate Accounting

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