. Stayman Associates has sold a good to a buyer and wants to recognize revenue. Which of the following is an indicator that control of a pood has passed from Stayman to the buyer? Buyer has scheduled delivery Buyer has a strong credit history, such that bad debts are reasonably estimable Buyer has not scheduled delivery Buyer has assumed the risk and rewards of ownership Operating cash flows would not include: Interest received Interest paid Dividends paid Dividends received Hughes Aircraft sold a four passenger airplane for $980,000, rece receiving a 12% note receivable. The journal entry to record this sale would includes Credit to cash Credit to interest revenue Debit to notes receivable, Credit to notes receivable When there is agreement between a measure or description and the phenomenon it purports to represerit, information possesses which characterist? Multiple Choice . Verifiability Predictive value Faithful representation Timeliness