The transaction price must reflect the time value of money if: A. The vendor expects the period between customer payment and delivery of goods or services will be less than two years. B. The contract has a financing component that is significant to the contract. C. The interest rate in the contract is higher than 13%. D. Consideration would not differ if paid in cash or under normal credit terms.
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Home » Business » The transaction price must reflect the time value of money if: A. The vendor expects the period between customer payment and delivery of goods or services will be less than two years. B.