The amount of consideration that an entity expects to be entitled to as a result of providing goods or services to a customer is the ________.
A) performance obligation
B) expected value
C) transaction price
D) variable consideration

Question

Quizplus · Accepted Answer

The transaction price is the amount of consideration an entity expects to be entitled to in exchange for transferring goods or services to a customer.

The Amount of Consideration That an Entity Expects to Be