Which of these three characteristics (I, II, and III) are required in order for a promised good or service to be considered distinct? Commercial substance Distinct within the context of the contract Capable of being distinct

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter17: Advanced Issues In Revenue Recognition
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Which of these three characteristics (I, II, and III) are required in order for a promised good or service to be considered distinct?

  1. Commercial substance
  2. Distinct within the context of the contract
  3. Capable of being distinct
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