20. When an asset is transferred to a customer over time, revenue can be recognize before completion. Which of the following is one of the conditions FASB has specified for demonstrating that an asset has been transfered over time?

A. The activites of the seller creates an asset with an alternative use

B. The seller has the enforceable right to payment for the activites performed to date

C. The customer recives the benefits as they occur

D. The product or service enhances an asset not yet owned or controlled by the customer

21. Which of the following is one of the ways that a company can demonstrate that it has satisfied a performance obligations?

A. The company has received payment for goods pr services

B. The company has significant risks and rewards of ownership

C. The company has legal title to the asset

D. The company has transfered physical possesions of the asset