⭐ Important points (exam-critical)
- ⭐Principal vs Agent: control of good before transfer; gross vs net presentation.
- ⭐Contract modifications: separate contract, termination & new, prospective adjustment.
- ⭐Warranties: assurance type (provision) vs service type (separate PO).
- ⭐Disclosures: contract balances, disaggregation, performance obligations, significant judgments.
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