Equity security holdings between 20 and 50 percent indicates that the investor has a controlling interest over the investee True False Revenue is recognized in the accounting period when the performance obligation is satisfied True False The first step in the revenue recognition process is to identify the separate performance obligations in the contract True False If the performance obligate is not highly dependent on, or interrelated with, other promises in the contract, then each performance obligation should be accounted for separately True False Pretax financial income is the amount used to compute income taxes payable True False