Answered: Under ASC Topic 606 for revenue…

Under ASC Topic 606 for revenue recognition, which of the following factors is not an indicator of the principal/agent determination?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 1Q: Describe the revenue recognition principle. Give specifics.

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Question

Under ASC Topic 606 for revenue recognition, which of the following factors is not an indicator of the principal/agent determination?

A. Inventory risk.

B. Credit risk.

C. Shipping terms.

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