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Unformatted text preview: Based on 605-25-30-8 of the Accounting Standards Codification, For a deliverable not yet being sold separately, the price established by management having the relevant authority (it must be probable that the price, once established, will not change before the separate introduction of the deliverable into the marketplace). It can be argued that the best evidence of fair value is $200. The prepaid voucher is used as an incentive for consumers to purchase this new, completely voluntary service card....
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This note was uploaded on 10/24/2010 for the course ACCTG 321 taught by Professor Will during the Spring '08 term at San Diego State.
- Spring '08