When substantially all risks and rewards of ownership have passed to the purchaser, the purchaser then recognizes an asset. For this recognition, which of the following statements is correct?

	a.	The purchaser must have possession of goods before it has legal title.
	b.	In practice, recording inventory purchases often takes place when they leave the sellers place of business.
	c.	Legal title and possession do not always pass to the purchaser at the same time.
	d.	The purchaser must have both legal title and possession of the goods.