Which of the Following Is a Criterion That Must Be

question 46

Multiple Choice

Which of the following is a criterion that must be met to recognize revenue from the sale of goods?

• A) The receipt of consideration to which the entity is entitled under the contract must be probable.
• B) The goods must have been delivered into the customer's physical possession.
• C) All of the contract's performance obligations must have been satisfied.
• D) It is highly probable that the buyer will pay the consideration promptly.