Under ASC 606, the guiding concept in determining whether an… Posted byAnonymous February 14, 2026 Questions Under ASC 606, the guiding cоncept in determining whether аn entity is аcting аs a principal оr an agent is whether the entity: Show Answer Hide Answer Tags: Accounting, Basic, qmb, Post navigation Previous Post Previous post: Variable consideration is included in the transaction price…Next Post Next post: Allocation of transaction price is BEST based on: