7:58 + Midterm Examination O 02:18:29 55 of 80 -/15 View Policies Current Attempt in Progress When following ASPE, all of the following criteria must be satisfied in order to recognize revenue for the sales of goods under the earnings based approach, except the service has been performed. the risks and rewards have been transferred to the customer. the seller has no continuing involvement. collection is reasonably assured. Save for Later Attemnte nf 1 ricer Submit Google Chrome 37 FREE INSTALL AX Home Luma Laurention LUNET D2L 7:58 + Midterm Examination O 02:18:32 54 of 80 -/1 View Policies Current Attempt in Progress The earnings per share figure expresses net income, after deducting common dividends, on a per-share basis. True O False Save for Later Attempts: 0 of 1 used Submit Answer Google Chrome 37 FREE INSTALL AX coll Home Lumal myLaurent LUNET D2L 7:58 + Midterm Examination O 02:18:37 53 of 80 -/1 View Policies Current Attempt in Progress Under the contract-based approach, revenue is recognized when: a company's net position is increased. when the transaction price is determined. when the performance obligation has been defined. the contract has commercial substance. Save for Later Attempts: 0 of 1 used Submit Answer AX Google Chrome 37 FREE INSTALL coll Home Luma Laurention LUNET D2L