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    Intermediate Accounting Study Set 1
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    Exam 6: Revenue Recognition
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    A Contract Liability Is Often Referred to as
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A Contract Liability Is Often Referred to as

Question 75

Question 75

Multiple Choice

A contract liability is often referred to as


A) a contra-contract asset.
B) a performance obligation.
C) unearned revenue.
D) Both b. and c) .are correct.

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