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

1. reconciliation of the opening and closing balances of contract assets and liabilities.
2. information about performance obligations, including a description of the obligations.
3. significant judgments used by the company to recognize revenue for performance obligations satisfied over time and why the method is appropriate.
4. all of these choices