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Outline the five-step revenue recognition process

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Reference no: EM132993423

Question - Case - Financial Accounting Theory and Analysis text and cases, Schroeder, Clark, & Cathey

In 2013, Airbus announced a contract to deliver 50 A380 airplanes to Emirates for $20 billion to be delivered between 2016 and 2018. Outline the five-step revenue recognition process for this transaction.

Reference no: EM132993423

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