Senior GAAP

Test your Senior-level Gaap skills in Accounting Principles Standards. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

Under ASC 606, costs to obtain a contract are capitalized as an asset if they are incremental and:

A. Are expected to be recovered.

B. Would have been incurred regardless of whether the contract was obtained.

C. Relate to general administrative overhead.

D. Are incurred after the contract is signed.

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