Which of the Following Is Not a Step Pertaining to the Revenue

question 84

Multiple Choice

Which of the following is not a step pertaining to the revenue recognition principle beginning in year 2018,for more complex customer contracts,according to both U.S.GAAP and to International Financial Reporting Standards (IFRS) ?

• A)Determine the transaction price.
• B)Identify the performance obligations.
• C)Identify the contract between the company and its supplier of goods
• D)Allocate the transaction price to the performance obligations.

---

Definitions:

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about a variety of topics, situations, or activities.

GABA

GABA (Gamma-Aminobutyric Acid) is the primary inhibitory neurotransmitter in the brain, responsible for reducing neuronal excitability throughout the nervous system.

Genetic Predisposition

The inherited genetic makeup of an individual that increases their likelihood of developing certain conditions or traits.

Anxiety Disorders

A group of disorders distinguished by feelings of intense distress and worry, and in many cases, disruptive and unsuccessful attempts to deal with these feelings.