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5 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Step 1 of 5 |
Identify the contract |
Needs to be valid |
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Step 2 of 5 |
Identify the performance obligations |
What is in part 1 |
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Step 3 of 5 |
Determine the transaction price |
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Step 4 of 5 |
Allocate the transaction price to each performance obligation |
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Step 5 of 5 |
Recognize revenue when each obligation is satisfied |
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