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

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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.

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International Accounting

ISBN: 978-1260466539

5th edition

Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera

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