Question: I need the correct answer option. 1. There are five steps in the revenue recognition process. Which of the following is the first step? a.

I need the correct answer option.

1. There are five steps in the revenue recognition process. Which of the following is the first step? a. Determine the transaction price. b. Identify the performance obligations in the contract. C. Identify the contract with customers. d. Recognize revenues as performance obligations are satisfied. e. None of the above

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