9. Kobe company ltd. is publicly traded in Tel-Aviv stock exchange. The company applies the International Financial Reporting Standard (IFRS). In a professional discussion about revenues recognition held at the company, the following arguments were raised: 1. Revenues will be recognized only when the company expects that economic benefits will come from the transaction that was made. 2. Revenues will be recognized when the company signed an agreement with the client. 3. Revenues will be recognized when the client pays the company. 4. Revenues will be always recognized, even when the client doesn't pay. Choose the correct one: a. 1&3 b. 3 e. 3 214 d. 1