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Knowledge Check 01 Match each of the steps used to apply the core revenue recognition principle with its related step number. 1. Allocate the transaction
Knowledge Check 01 Match each of the steps used to apply the core revenue recognition principle with its related step number. 1. Allocate the transaction price to each performance obligation 2. Determine the transaction price 3. Identify the contract with a customer 4. Identify the performance obligation(s) in the contract 5. Recognize revenue when (or as) each performance obligation is satisfied
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Financial Information Analysis 2e
Authors: Philip ORegan
2nd Edition
0470865725, 978-0470865729
