There are so many document editing tools on the market, but only a few are suitable for all file types. Some tools are, on the contrary, versatile yet burdensome to work with. DocHub provides the solution to these challenges with its cloud-based editor. It offers rich capabilities that allow you to complete your document management tasks efficiently. If you need to promptly Correct chapter in ASC, DocHub is the perfect option for you!
Our process is very straightforward: you upload your ASC file to our editor → it automatically transforms it to an editable format → you make all essential changes and professionally update it. You only need a few minutes to get your paperwork done.
As soon as all alterations are applied, you can transform your paperwork into a multi-usable template. You just need to go to our editor’s left-side Menu and click on Actions → Convert to Template. You’ll locate your paperwork stored in a separate folder in your Dashboard, saving you time the next time you need the same template. Try DocHub today!
a contract contains certain promises to transfer goods or services to a customer these promises are called performance obligations think of performance obligations as the unit of account used to recognize revenue ase topic 606 introduces a new model related to recognizing revenue step two requires entities to identify performance obligations that are distinct well cover that term later in this module but for now lets look at a quick example lets assume a company sells a machine to a customer in addition to the machine the contract stipulates that the company will deliver the machine and it at the customers location finally the contract requires the company to provide ongoing maintenance of the machine over a three-year period these promises are bundled into a single contract price step two provides us guidance as to whether these promises meet the definition of a performance obligation and therefore need to be separated in subsequent steps well determine the transaction price and
