It is common for companies to partner with other organizations to provide goods or services for their customers. The new Revenue from Contracts with Customers(codified as ASC 606) rules recognize this fact, and provide recommendations for how you should handle the revenue associated with these products and services. It boils down to determining whether you are acting as the principal or the agent in the transaction. While this may sound simple enough, like many aspects of ASC 606, it gets complicated.
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