7) After the information that needs to be protected has been identified, what step should be completed next? A) The information needs to be placed in a secure, central area. B) The information needs to be encrypted. C) The information needs to be classified in terms of its value to the organization. D) The information needs to be depreciated. Fla His uestion Question 17 Under FASB ASC 606, the first step in the revenue recognition process is to Determine the transaction price Identify the contract with customers Allocate transaction price to the separate performance obligations Identify the separate performance obligations in the contract