5. A contract asset a. Is essentially the same as an account receivable...
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Accounting
5. A contract asset
a. Is essentially the same as an account receivable
b. Results when a performance obligation has not been satisfied but there is a right for the company to be paid by a customer
c. Results when all performance obligations have been satisfied and the company has a right to receive payment from a customer
d. Results when a performance obligation has been satisfied, but there is no right under the contract to receive payment from the customer.
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