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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 17: Advanced Issues in Revenue Recognition
  5. Question
    A Contract Modification Always Results in a New Contract If
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A Contract Modification Always Results in a New Contract If

Question 74

Question 74

True/False

A contract modification always results in a new contract if the modification adds distinct goods or services at a price that reflects their stand-alone selling price.

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