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Joint Transition Resource Group for Revenue Recognition meeting highlights

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This bulletin summarizes discussions on the following topics held by the Joint Transition Resource Group for Revenue Recognition (TRG) on November 9:
  • License restrictions and renewals
  • Customer options for additional goods and services
  • Pre-production activities
  • Fixed-odds wagering contracts

The TRG was formed by the FASB and the IASB to consider issues that arise from implementing the new revenue standard.