Which one of the following steps is not a necessary step for revenue recognition? a. Identify the

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Which one of the following steps is not a necessary step for revenue recognition?

a. Identify the contract with the customer.

b. Make sure that the seller should receive cash upon the transfer of goods to the buyer. C. Identify separate performance obligation in the contract.

d. Determine the transaction price.

e. Determine when the performance obligation is satisfied so that a revenue can be recognized.

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Principles Of Financial Accounting IFRS Edition

ISBN: 9789814962605

3rd Edition

Authors: Earl K Stice, James D Stice, W Steve Albrecht, Monte R Swain, Rong-Ruey Duh, Audrey Wenhsin Hsu

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Question Posted: Apr 17, 2024 09:01 AM

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Which one of the following steps is not a necessary step for revenue recognition? a. Identify the

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The step that is not a necessary step for revenue recognition is b Make sure that the seller sh...View the full answer

Principles Of Financial Accounting IFRS Edition

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