Which of the following conditions does not have to be met in order for revenue to be
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Which of the following conditions does not have to be met in order for revenue to be recognized for goods?LO1.
a. The amount of revenue must be able to be measured reliably.
b. It is probable that the economic benefits of the transaction will flow to the entity.
c. The business no longer has control over the goods.
d. The costs associated with the revenue must have already been incurred.
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