Question
When are contributed services recognized by an NFP?
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Answer
Only if they create assets or require specialized skills.
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Question
Why are nonrefundable upfront fees usually not separate performance obligations?
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Answer
They are recognized over the period of benefit.
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Question
What tells you to use an output method instead of an input method?
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Answer
When milestones or units delivered best measure progress.
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Question
What makes a performance obligation a distinct good or service?
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Answer
It is separately identifiable and capable of being distinct.
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