What are the 5 steps to follow in revenue recognition per, Financial Accounting

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What are the 5 steps to follow in revenue recognition per

The IASB-FASB revenue recognition project is an ongoing project.

What are the 5 steps to follow in revenue recognition per the current exposure draft? Do you agree with this way of recognizing revenue? Why, why not? Be specific in your answer and provide examples. Feel free to suggest different methods but support your position with good research.

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