1.A company should recognize revenue when:

a.

the revenue is earned.

b.

the contract is signed.

c.

the seller satisfies the performance obligation.

d.

the consideration is received.

2.1.A customer obtains control over a good or service when:

a.

the customer takes physical possession of the good or services.

b.

the customer has the ability to direct the use of the good or service and obtain substantially all he remaining benefits from the good or service.

c.

the customer pays for the good or service.

d.

the seller receives the final payment.