Research the financial statements and notes to the financial statements of Verizon Communications for your Annual Report Project for the company’s revenue recognition practices.

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Research the financial statements and notes to the financial statements of Verizon Communications for your Annual Report Project for the company’s revenue recognition practices. Discuss the products and services that create revenue for the company you selected. Research the new revenue recognition standard ASC 606 and any other authoritative literature. Determine if the company you selected is in compliance with the revenue recognition criteria.

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