Question

the question is matching

1-Whether a supplier or an entity is responsible for providing the product or service desired by the customer is a strong indicator of the entity’s role in the transaction. If an entity is responsible for fulfillment, including the acceptability of the products or services ordered or purchased by the customer, that fact is

2-Unmitigated general inventory risk is a strong indicator that an entity

3-A similar and equally strong indicator of gross reporting exists if a customer arrangement involves services and

4-If an entity physically changes the product (beyond its packaging) or performs part of the service ordered by a customer, that fact may indicate that the entity

5-If an entity must determine the nature, type, characteristics, or specifications of the product or service ordered by the customer, that fact may indicate that the entity

6-If an entity earns a fixed dollar amount per customer transaction regardless of the amount billed to a customer or if it earns a stated percentage of the amount billed to a customer, that fact may indicate that the entity

7-According to ASU 2014-09, Revenue From Contracts With Customers, … outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and

(Choose the best )

A.	a strong indicator that an entity has risks and rewards of a principal in the transaction and that it should record revenue gross based on the amount billed to the customer.
B.	is not an agent of the supplier and should not record revenue net based on the amount retained.
C.	is primarily responsible for fulfillment and that it should record revenue gross based on the amount billed to a customer.
D.	the entity is not obligated to compensate the individual service provider for work performed regardless of whether the customer accepts that work.
E.	is primarily responsible for fulfillment and that it should not record revenue gross based on the amount billed to a customer
F.	has no risks and rewards as a principal in the transaction and, therefore, that it should not record revenue gross based on the amount billed to the customer.
G.	is an agent of the supplier and should record revenue net based on the amount retained.
H.	… supersedes none of the current revenue recognition guidance, including industry-specific guidance.
I.	has risks and rewards as a principal in the transaction and, therefore, that it should record revenue gross based on the amount billed to the customer.
J.	is primarily responsible for fulfillment, including the ultimate acceptability of the product component or portion of the total services furnished by the supplier, and that it should not record revenue gross based on the amount billed to the customer.
.	k. is primarily responsible for fulfillment, including the ultimate acceptability of the product component or portion of the total services furnished by the supplier, and that it should record revenue gross based on the amount billed to the customer. L. not a strong indicator that an entity has risks and rewards of a principal in the transaction and that it not should record revenue gross based on the amount billed to the customer. M. the entity is obligated to compensate the individual service provider for work performed regardless of whether the customer accepts that work. N. … supersedes most current revenue recognition guidance, including industry-specific guidance

Answer 1