A Company Must Account for a Contract Modification as a New

Multiple Choice

A company must account for a contract modification as a new contract if

A) the modification adds distinct goods or services at a price that reflects their stand-alone selling price.
B) the seller has the right to receive consideration equal to the stand-alone selling price of the promised goods or services.
C) the promised goods or services are distinct and separable from other goods or services promised in the original contract.
D) the promised goods or services are distinct and the contract has commercial substance.