SVK Corporation is a manufacturer of printed circuit boards. For each of the following situations, indicate whether SVK should record the transaction as revenue under current IFRS and ASPE standards. Revenue (a) SVK received a purchase order from a customer, ordering 300 circuit boards to be delivered in six weeks' time. The order can be cancelled any time before shipping takes place. (b) SVK delivered 725 circuit boards to a customer as ordered. Terms of the order called for payment in 30 days, and title to the boards transferred to the customer upon shipment of the product. (c) SVK received a purchase order from a customer for 200 circuit boards. Since the boards were in-stock, SVK could ship immediately. However, the customer's credit rating was very poor. SVK's President decided to ship the boards anyway, in the hope that the customer could pay, after all. 5VK immediately increased the allowance for doubtful accounts for the amount of the sale in order to address the collection risk