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ASC 606 FUN

Across
Under ASC 606-10-25-2, a _____ is an agreement between two or more parties that creates enforceable rights and obligations. (ASC 606 FRD pg. 32)
In determining contract enforceability, the period in which enforceable rights and obligations exist may be affected by _______ provisions in the contract. (ASC 606 FRD pg. 42)
If, in a contract, an entity grants a customer the option to acquire additional goods or services, the option gives rise to a performance obligation in the contract only if the option provides a ______ right right to the customer that it would not receive without entering into that contract. (ASC 606 FRD pg. 108)
A contract _______ is a change in the scope or price (or both) that is approved by the parties. (ASC 606 FRD pg. 47)
Under ASC 606-10-25-1, an entity shall account for a contract when the entity can identify each party's _____ regarding the goods of services to be transferred. (ASC 606 FRD pg. 33)
To identifying performance obligations in a contract, an entity must identify the promised goods and services within the contract and determine which of those goods and services are __________ performance obligations. (ASC 606 FRD pg. 59)
Offering a right of ___ in a sales agreement obliges the selling entity to stand ready to accept a returned product. (ASC 606 FRD pg. 116)
Down
Under ASC 606-10-25-1, an entity shall account for a contract when the entity can identify the _____ terms for the goods or services to be transferred. (ASC 606 FRD pg. 33)
Under ASC 606-10-25-1, an entity shall account for a contract with a customer when the contract has _______ substance. (ASC 606 FRD pg. 33)
Under ASC 606-10-25-1, an entity shall account for a contract when the parties to the contract have approved the contract and are committed to perform their _________. (ASC 606 FRD pg. 33)
Under ASC 606-10-25-25, ________ refers to the ability to direct the use of, and obtain substantially all of the remaining benefits from, the asset. (ASC 606 FRD pg. 94)
In identifying performance obligations, a promised good or service must be capable of being _____ by providing a benefit to the customer either on its own or together with other resources that are readily available to the customer. (ASC 606 FRD pg. 71)
The standard requires entities to _______ two or more contracts entered into at or near the same time with the same customer upon three criteria. (ASC 606 FRD pg. 45)
Under ASC 606-10-25-1, an entity shall account for a contract with a customer when it is probable that the entity will ______ substantially all of the consideration to which it will be entitled in exchange for the goods or services that will be transferred to the customer. (ASC 606 FRD pg. 33)