Following IPSAS $9$ 'Revenue from Exchange Transactions', which of the following criteria must be satisfied before revenue from the sale of goods should be recognised?

$$ Revenue can be reliably measured AND managerial control over the goods sold has been resigned

$$ Ownership has been transferred to the buyer AND revenue can be reliably measured

$$ Managerial control over the goods sold has been resigned AND ownership has been transferred to the buyer

$$ Ownership has been transferred to the buyer AND the outcome of the revenue transaction is certain