Your company would like to sell a new product in the marketplace. What questions would you ask in order to determine the recognition of revenue for this product?

For each question write 250 words.

1) Here is one suggestion. Search on the term “deferred revenue” in the codification database. Discuss one aspect of the authoritative literature on this topic. Then find a reference that discusses this topic. How do they compare?

2) Your company would like to sell a new product in the marketplace. What questions would you ask in order to determine the recognition of revenue for this product?

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