CHƯƠNG 10 – REVENUE RECOGNITION

Bài tập
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True-False (T-F)

Câu 1 Revenue is recognized in the accounting period when the performance obligation is
satisfied.
True

Câu 2 The first step in the revenue recognition process is to identify the separate performance
FALSE

Câu 3 Revenue from a contract with a customer cannot be recognized until a contract exists.

TRUE
Câu 4 If the performance obligation is not highly dependent on, or interrelated with, other
promises in the contract, then each performance obligation should be accounted for separately.

TRUE

Câu 5 A performance obligation is a written guarantee in a contract to provide a product or

service to a customer.

FALSE

Câu 6 Companies use the expected value, a probability-weighted amount to estimate variable
consideration.

FALSE

Câu 7 When a sales transaction involves a significant financing component, the fair value is
determined either by measuring the consideration received or by discounting the payment using
an imputed interest rate.

TRUE

Câu 8 Companies rarely have to allocate the transaction price to more than one performance
obligation in a contract.

FALSE

Câu 9 When a company sells a bundle of goods at a discount, the discount should be allocated
to the product that caused the discount and not to the entire bundle.

FALSE

Câu 10 A company recognizes revenue from a performance obligation over time by measuring
the progress toward completion.

TRUE

Câu 11 A company can only satisfy its performance obligations at a point in time.

FALSE

Câu 12 When a company sells a product but gives the buyer the right to return it, revenue should
not be recognized until the sale is collected.

FALSE

Câu 13 Warranties that the product meets agreed-upon specifications in the contract at the time
the product is sold are referred to as assurance-type warranties.

TRUE

Câu 14 A contract liability is a company’s obligation to transfer goods or services to a customer

for which the company has received consideration from the customer.
TRUE
Multiple Choice

Câu 1 To address inconsistencies and weaknesses in revenue recognition, a comprehensive

revenue recognition standard was developed entitled the
a. Revenue Recognition Principle.
b. Principle-based Revenue Accounting.
c. Rules-based Revenue Accounting.
d. Revenue from Contracts with Customers.

Câu 2 The converged standard on revenue recognition

a. reduces the number of disclosures required for revenue reporting.

b. increases the complexity of financial statement preparation.
c. recognizes and measures revenue based on changes in assets and liabilities.
d. simplifies revenue recognition practices across entities and industries.

Câu 3 The first step in the process for revenue recognition is to

a. determine the transaction price.

b. identify the contract with customers.
c. allocate transaction price to the separate performance obligations.
d. identify the separate performance obligations in the contract.

Câu 4 The second step in the process for revenue recognition is to

a. allocate transaction price to the separate performance obligations.

b. determine the transaction price.
c. identify the contract with customers.
d. identify the separate performance obligations in the contract.

Câu 5 The third step in the process for revenue recognition is to

a. determine the transaction price.

b. identify the separate performance obligations in the contract.
c. allocate transaction price to the separate performance obligations.
d. recognize revenue when each performance obligation is satisfied.

Câu 6 The fourth step in the process for revenue recognition is to

a. recognize revenue when each performance obligation is satisfied.

b. identify the separate performance obligations in the contract.
c. allocate transaction price to the separate performance obligations.
d. determine the transaction price.
Câu 7 The last step in the process for revenue recognition is to

a. allocate transaction price to the separate performance obligations.

b. recognize revenue when each performance obligation is satisfied.
c. determine the transaction price.
d. identify the contract with customers.
Câu 8 A contract

a. must be in writing to be an enforceable contract.

 b. is an agreement that creates enforceable rights and obligations.
c. is enforceable if each party can unilaterally terminate the contract.
d. does not need to have commercial substance.
Câu 9 On January 15, 2021, Bella Vista Company enters into a contract to build custom
equipment for ABC Carpet Company. The contract specified a delivery date of March 1. The
equipment was not delivered until March 31. The contract required full payment of €75,000 30
days after delivery. The revenue for this contract should be
a. recorded on January 15, 2021.
b. recorded on March 1, 2021.
c. recorded on March 31, 2021.
d. recorded on April 30, 2021.
Câu 10 When a contract modification does not result in a separate performance obligation, the
additional products are priced at the
a. standalone price of the product.
b. blended price of original contract and contract modification.
c. average selling price of original selling price and standalone price.
d. selling price specified in contract modification