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Which of the following are criteria that must be met before revenue can be recognized over time? Note: Select all that apply. Check All That
Which of the following are criteria that must be met before revenue can be recognized over time?
Note: 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.
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