Disclosures concerning significant judgments in revenue recognition include all of the following except ________.
A) information regarding fair value of consideration exchanged
B) methods used to recognize revenue
C) allocation of the transaction price
D) an assessment of whether an estimate of variable consideration is constrained

Question

Quizplus · Accepted Answer

The fair value of consideration exchanged is not typically a significant judgment in revenue recognition disclosures. The focus is more on methods, allocation, and constraints related to variable consideration.

Disclosures Concerning Significant Judgments in Revenue Recognition Include All of the Following