Response to the following problem:
Access the FASB Accounting Standards Codification at the FASB website ( asc.fasb.org ).
Required:
Determine the specific citation for accounting for each of the following items:
1. What alternative approaches can be used to estimate variable consideration?
2. What alternative approaches can be used to estimate the stand-alone selling price of performance obligations that are not sold separately?
3. What determines the timing of revenue recognition with respect to licenses?