Which one of the following steps is not a necessary step for revenue recognition? a. Identify the
Question:
Which one of the following steps is not a necessary step for revenue recognition?
a. Identify the contract with the customer.
b. Make sure that the seller should receive cash upon the transfer of goods to the buyer. C. Identify separate performance obligation in the contract.
d. Determine the transaction price.
e. Determine when the performance obligation is satisfied so that a revenue can be recognized.
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The step that is not a necessary step for revenue recognition is b Make sure that the seller sh...View the full answer
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Related Book For 
Principles Of Financial Accounting IFRS Edition
ISBN: 9789814962605
3rd Edition
Authors: Earl K Stice, James D Stice, W Steve Albrecht, Monte R Swain, Rong-Ruey Duh, Audrey Wenhsin Hsu
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