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How do we account for variable consideration that was previously not included in transaction price (obligation satisfiedover time) but as the uncertainty ended, it was counted as revenue?
Q2. When there is a sale of 20M and the entity has to provide 1M to customer to make arrangements for the contract, what will be the treatment of this 1M?
I mean what do we debit as a corresonding credit of cash 1M?
Is it a contract cost that will be capitalised and amortised as the revenue is recognised ?
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