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Your Queries on Financial Reporting and Assurance

February 15, 2019[2019] 102 taxmann.com 196 (Article)
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Our client has consummated an acquisition deal during the year. The said client operates in the information technology arena. The target company’s revenue model includes a stream of revenue that is service oriented and the performance obligation is satisfied over a period of time. The consideration is received in full in advance at the date of contract commencement.
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