The third step in the process for revenue recognition is to
A)determine the transaction price.
B)identify the separate performance obligations in the contract.
C)allocate transaction price to the separate performance obligations.
D)recognize revenue when each performance obligation is satisfied.

Question

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The Answer of The third step in the process for revenue recognition is to
A)determine the transaction price.
B)identify the separate performance obligations in the contract.
C)allocate transaction price to the separate performance obligations.
D)recognize revenue when each performance obligation is satisfied.

The Third Step in the Process for Revenue Recognition Is