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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 Company Must Adjust the Consideration for the Time Value
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A Company Must Adjust the Consideration for the Time Value

Question 69

Question 69

True/False

A company must adjust the consideration for the time value of money if the time period between the customer's payment and the company's transfer of goods or services is more than three months.

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