Which is NOT included in the five-step process of revenue recognition? Select one O Allocate price to performance obligation O b. Identity performance obligation c. Recognize revenue when performance obligation is probable d. Identity contract with customer In revenue recognition, an allocation is needed if more than one performance obligation exists. This allocation is usually based on a weighted average of Select one! O Market values O . Present values eBook values d. Contract Values In a four-column December proof of cash reconciling Bank to Book which item would appear as an addition in columns two and four? Select one: O . December collection by bank December deposit in transit O December service charge Od: December outstanding check Which statement is TRUE? Select one: O a. At year-end. a journal entry to increase assets by the estimate of future inventory returns should be made O b. Inventory on consignment should be included in the consignee's inventory count until sold O c. For assurance-type warranties, warranty expense is allocated over the life of the warranty O d. For service-type warranties, warranty revenue is recorded in the year of the sale of the additional warranty Which statement is FALSE? Select one: a. Diluted EPS is never higher than Basic EPS O b. Use of the Treasury Stock Method" determines the effect of convertible bonds on Diluted EPS c. Bond interest expense is the cash interest paid plus the discount amortized that period O d. Bond interest expense is the cash interest paid less the premium amortized that period