Question
When is a contract modification treated as a separate contract?
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Answer
When added distinct goods are sold at standalone selling price.
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Question
How is variable consideration estimated under ASC 606?
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Answer
Use expected value or most likely amount.
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Question
What is the bill-and-hold revenue trigger?
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Answer
Customer obtains control, not mere invoicing.
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Question
Why do exchange transactions follow ASC 606 instead of contribution rules?
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Answer
They involve reciprocal value.
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