Which of the following arises when the seller's right to consideration from a customer is conditional upon something other than the passage of time? A receivable A contract asset A contract liability None of these choices
Which of the following arises when the seller's right to consideration from a customer is conditional upon something other than the passage of time? A receivable A contract asset A contract liability None of these choices
Business Its Legal Ethical & Global Environment
10th Edition
ISBN:9781305224414
Author:JENNINGS
Publisher:JENNINGS
Chapter13: Contracts And Sales:performance And Remedies
Section13.2: Contract Performance
Problem 4CQ
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Which of the following arises when the seller's right to consideration from a customer is conditional upon something other than the passage of time?
- A receivable
- A contract asset
- A contract liability
- None of these choices
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