Number the following steps of the revenue recognition process (from 15) to place in the correct order

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Number the following steps of the revenue recognition process (from 1–5) to place in the correct order

a. ________ Allocate the transaction price to the separate performance obligations.

b. ________ Identify the contract with customers.

c. ________ Identify the separate performance obligations in the contract.

d. ________ Recognize revenue when each performance obligation is satisfied.

e. _________ Determine the transaction price.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jul 11, 2019 07:16 AM

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Number the following steps of the revenue recognition process (from 15) to place in the correct order

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Financial Accounting Tools for Business Decision Making

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