how do you work this problem?
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how do you work this problem?

Number the following steps of the revenue

recognition process (from 1-5) to place in the correct order.


1.Allocate the transaction price to the separate performance obligations. 

2.Identify the contract with customers. 

3.Identify the separate performance obligations in the contract. 

4.Recognize revenue when each performance obligation is satisfied. 

5.Determine the transaction price.

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