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Which of the following is not one of the steps for recognizing revenue? ...

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Accounting

Which of the following is not one of the steps for recognizing revenue?
Multiple Choice
Identify the performance obligations of the contract.
Allocate the transaction price to the performance obligations.
Identify the contract with the customer.
Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods and services in the contract.

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