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Determine the specific citation for accounting for each of the following items: 1. What are the five key steps to applying the revenue recognition principle?

Determine the specific citation for accounting for each of the following items:

1. What are the five key steps to applying the revenue recognition principle?

2. What are the indicatiors that control has passed from the seller to the buyer, such that it is appropriate to recognize revenue at a point in time?

3. Under what circumstances can sellers recognize recognize revenue over time?

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