$[$LO $1]$ The following represents the five steps in the revenue recognition model, in random order:

A$.$ Determine the transaction price

B$.$ Identify the contract with the customer

C$.$ Recognize revenue as the entity satisfies performance obligations

D$.$ Allocate the transaction price to the performance obligations in the contract

E$.$ Identify the performance obligations in the contract

Which of the following is the correct order for the five$-$step revenue recognition model?

Answer

Unselected

E$,$ A$,$ B$,$ D$,$ C

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E$,$ B$,$ A$,$ D$,$ C

Unselected

B$,$ E$,$ A$,$ D$,$ C

Unselected

B$,$ A$,$ D$,$ E$,$ C

Unselected

I don't know yet