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Which of the following are part of the criteria that must be met when accounting for a contract with a customer? L. Commerial substance.ll. Approval

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Which of the following are part of the criteria that must be met when accounting for a contract with a customer? L. Commerial substance.ll. Approval of contract by all parties III. Identification of the payment terms for the goods/services IV. The collection of the consideration from the customer is remote. Select one: a. II and 111 only. b. 1,11 and iv. c. 1,11 and iV. a. 1,11 and 111

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