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Accounting Spotlight — Revenue recognition — Contract modifications

Published on: 29 Jun 2020

This publication discusses the accounting for contract modifications under the new revenue standard (ASC 606), including the determination of whether a price concession should be accounted for as a contract modification. It provides illustrative examples of contract modifications and price concessions that may arise in the current economic environment.


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Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.