Question: The first step in the process for revenue recognition is to 30 Identify the contract with customers. 33 Determine the transaction price. 36 Allocate the

The first step in the process for revenue recognition is to 30 Identify the contract with customers. 33 Determine the transaction price. 36 Allocate the transaction price to the separate performance obligations. Identify the separate performance obligations in the contract. 39

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