what are those answers of questions?

Knowledge Check 01 Which of the following are criteria that must be met before revenue can be recognized over time? (Select all that apply.) Check All That Apply The customer consumes the benefit of the seller's work as it is performed. The customer controls the asset as it is created. The seller is creating an asset that has an alternative use to the seller, and the seller has the legal right to receive payment for progress to date. The seller is creating an asset that has no alternative use to the seller, and the seller has the legal right to receive payment for progress to date. Knowledge Check 01 Which of the following statements about franchises are true? (Select all that apply.) Check All That Apply A franchise involves a license to use intellectual property. A franchise involves initial sales of products and services as well as ongoing sales of products and services. Each part of the franchise arrangement must be evaluated to identify the performance obligations. In a franchise arrangement, a franchisee grants to the franchisor the right to sell the franchisor's products and use its name. Knowledge Check 01 Which of the following statements about bill-and-hold arrangements are true? (Select all that apply.) Check All That Apply A bill-and-hold arrangement occurs when a customer purchases goods but requests that shipment occur at a later date. Bill-and-hold arrangements do not arise in the normal course of business. In most bill-and-hold arrangements, sellers usually conclude that revenue should not be recognized until actual delivery to the customer occurs. SEC guidance regarding bill-and-hold arrangements include the requirement that the product must be specifically identified as belonging to the customer and is ready for shipment