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May 27, 2016 10:00:00 AM

Identifying Contractual Performance Obligations

My grandmother is 95 years old. She is still physically active, mentally aware, and seems to be one of the most social and popular residents in her retirement community.  Last Christmas, we decided to give her an iPad.  She already had a cell phone, a new TV, and subscriptions to her favorite magazines, so an iPad was a natural next step. 

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Topics: Revenue Recognition Standard, Contracts