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QUESTION
A company's disclosures regarding contracts should include reconciliation of the opening and closing balances of contract assets and liabilities.
A company's disclosures regarding contracts should include
- reconciliation of the opening and closing balances of contract assets and liabilities.
- information about performance obligations, including a description of the obligations.
- significant judgments used by the company to recognize revenue for performance obligations satisfied over time and why the method is appropriate.
- all of these choices
