Which One of the Following Is Not One of the Five

question 324

Multiple Choice

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

• A)Identify the contract with a customer
• B)Recognize revenue when all the performance obligations have been satisfied
• C)Identify the separate performance obligation(s)in the contract
• D)Allocate the transaction price to the separate performance obligations

---

Definitions:

Psycholinguistic Skills

The cognitive processes involved in understanding and producing language.

Linguistic Relativity

The hypothesis that the structure of a language affects its speakers' world view or cognition, suggesting language shapes thought and experiences.

Over-regularisation

A phenomenon in language acquisition where individuals, especially children, apply standard grammatical rules too widely, leading to errors.

Overextension

In language development, it's a child's use of a word in a broader context than is appropriate, indicating their learning process.