QuestionJune 8, 2025

Multiple Choice Question When a performance obligation is satisfied over time revenue is recognized in proportion to the amount of the time spent thus far on satisfying the performance obligation. performance obligation that remains to be satisfied. performance obligation that has been satisfied.

Multiple Choice Question When a performance obligation is satisfied over time revenue is recognized in proportion to the amount of the time spent thus far on satisfying the performance obligation. performance obligation that remains to be satisfied. performance obligation that has been satisfied.
Multiple Choice Question
When a performance obligation is satisfied over time revenue is recognized in proportion to the amount of the
time spent thus far on satisfying the performance obligation.
performance obligation that remains to be satisfied.
performance obligation that has been satisfied.

Solution
3.5(192 votes)

Answer

performance obligation that has been satisfied. Explanation 1. Identify the correct principle Revenue is recognized over time based on the proportion of the performance obligation that has been satisfied.

Explanation

1. Identify the correct principle<br /> Revenue is recognized over time based on the proportion of the performance obligation that has been satisfied.
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