Question
What makes a promise a distinct performance obligation under ASC 606?
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Answer
The customer can benefit from it and it is separately identifiable.
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Question
How does a right-to-access IP license differ from a right-to-use license?
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Answer
Right-to-access is over time; right-to-use is point in time.
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Question
How is the transaction price allocated among performance obligations?
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Answer
By relative standalone selling price.
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