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  3. 5. a contract asset a. is essentially the same a

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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