Which of the following is not one of the criteria for revenue recognition? a. Significant risks and

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Which of the following is not one of the criteria for revenue recognition?

a. Significant risks and rewards of ownership have been transferred.

b. Continuing managerial involvement does not exist.

c. Economic benefits will probably flow to the seller.

d. Customers have an excellent credit rating.

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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