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what is Allocate the transaction price to the performance obligation in the contract--See ASC 606-10-32-28 through...

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Accounting

what is Allocate the transaction price to the performanceobligation in the contract--See ASC 606-10-32-28 through 31

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The ASC 606 Revenue from Contracts with Customers provides a fivestep process for recognizing revenue as follows Step 1 Identify a contract with customer Step 2 Identify separate performance obligations in the contract ie promise to transfer a distinct good or service to a customer Step    See Answer
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