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Professor Russel at Duke University is teaching her students about revenue recognition. Which of the following is not one of the five steps for recognizing
Professor Russel at Duke University is teaching her students about revenue recognition. Which of the following is not one of the five steps for recognizing revenue?
A Identify the separate performance obligations in the contract
B Allocate the transaction price to the separate performance obligations
C Identify the contract with a customer
D Determine the transaction price
E Only recognize revenue when all the performance obligations have been satisfied
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