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  3. Study Set
    Financial Accounting Study Set 21
  4. Exam
    Exam 4: Revenue Recognition and the Statement of Income
  5. Question
    A Contract Has Commercial Substance When the Risk,timing,or Amount of
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A Contract Has Commercial Substance When the Risk,timing,or Amount of

Question 21

Question 21

True/False

A contract has commercial substance when the risk,timing,or amount of
the company's future cash flows is expected to change as a result of the contract.

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