Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: ASC 605 | Statement: [Revenue (Topic 606), supersededStandard, ASC 605]

Target entity: ASC 605
Context triple: [Revenue (Topic 606), supersededStandard, ASC 605]

• A. ASC 606 Revenue from Contracts with Customers
  ASC 606 Revenue from Contracts with Customers is a U.S. GAAP accounting standard issued by the FASB that provides a comprehensive, principles-based framework for recognizing revenue from customer contracts across industries.
• B. ASC Topic 840
  ASC Topic 840 is the U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and disclosure of lease arrangements.
• C. ASC Topic 320
  ASC Topic 320 is a section of the FASB Accounting Standards Codification that provides U.S. GAAP guidance on the classification, measurement, and reporting of investments in debt and equity securities.
• D. ASC 350 Intangibles—Goodwill and Other
  ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
• E. ASC 740 Income Taxes
  ASC 740 Income Taxes is the U.S. GAAP accounting standard that provides comprehensive guidance on the recognition, measurement, presentation, and disclosure of income taxes in financial statements.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Target entity: ASC 605
Target entity description: ASC 605 was the former U.S. GAAP accounting standard that provided guidance on revenue recognition before being replaced by ASC 606.

• A. ASC 606 Revenue from Contracts with Customers
  ASC 606 Revenue from Contracts with Customers is a U.S. GAAP accounting standard issued by the FASB that provides a comprehensive, principles-based framework for recognizing revenue from customer contracts across industries.
• B. ASC Topic 840
  ASC Topic 840 is the U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and disclosure of lease arrangements.
• C. ASC Topic 320
  ASC Topic 320 is a section of the FASB Accounting Standards Codification that provides U.S. GAAP guidance on the classification, measurement, and reporting of investments in debt and equity securities.
• D. ASC 350 Intangibles—Goodwill and Other
  ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
• E. ASC 740 Income Taxes
  ASC 740 Income Taxes is the U.S. GAAP accounting standard that provides comprehensive guidance on the recognition, measurement, presentation, and disclosure of income taxes in financial statements.
• F. None of above. chosen

Target predicate: supersededStandard
Context triple: [Revenue (Topic 606), supersededStandard, ASC 605]

• A. obsoletedStandard
  Indicates that one standard has been rendered obsolete or superseded by another standard.
• B. supersededSpecificationIn
  Indicates that one specification has been replaced or made obsolete by another specification within a given context or system.
• C. wasSupersededBy chosen
  Indicates that one entity has been replaced or made obsolete by another entity that takes over its role or function.
• D. becameStandardFor
  Indicates that something was adopted and established as the usual or accepted norm for a particular purpose, context, or group.
• E. implementedAsStandardBy
  Indicates that a standard is put into practice or realized through implementation by a specific entity (such as an organization, system, or component).
• F. None of above.