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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 17: Advanced Issues in Revenue Recognition
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    A "Contract Asset" Is a Receivable That Arises from the Performance
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A "Contract Asset" Is a Receivable That Arises from the Performance

Question 79

Question 79

True/False

A "contract asset" is a receivable that arises from the performance obligation of a contract.

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