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The third step in the process for revenue recognition is to (Enter 1, 2, 3, or 4 that represents the correct answer): 1. determine the

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The third step in the process for revenue recognition is to (Enter 1, 2, 3, or 4 that represents the correct answer): 1. determine the separate performance obligations in the contract. 2. allocate transaction price to the separate performance obligations. 3. determine the transaction price. 4. determine the amount of revenue when each performance obligation is satisfied

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