Which of the Following Is Not One of the Five

question 158

Multiple Choice

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

• A) Recognize revenue when (or as) each performance obligation is satisfied.
• B) Determine the transaction price.
• C) Allocate the transaction price to each performance obligation.
• D) Estimate variable consideration.

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Definitions:

Thirsty

The sensation of needing to drink fluids, often resulting from dehydration or increased salt intake.

Respondent Behavior

A reaction to a stimulus that is automatic or involuntary, often used in the context of classical conditioning.

Operant Behavior

Behavior that is controlled or influenced by its consequences, including rewards or punishments.

Automatic Response

A reflexive or instinctual reaction to a stimulus that occurs without conscious thought or intention.