Question

A company must account for a contract modification as a new contract if the:

a. goods or services are interdependent on each other.
b. promised goods or services are distinct.
c. company has the right to receive consideration equal to standalone price.
d. goods or services are distinct and company has right to receive the standalone price.

Answer 1

d. goods or services are distinct and company has right to receive the standalone price.

Step-by-step explanation:

Goods or services are distinct and company has right to receive the standalone price.