ANSWER:-
Correct Answer is A i.e. The receipt of consideration to which the entity is entitled under the contract must be probable
Revenue from sale is recognized when the amount of cosideration is measurable and probable to be received. It is basically when all the risks and rewards are transferred to the buyer.
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Which of the following is a criterion that must be met to recognize revenue from the...
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What answers should I choose
from Q1 to Q5?
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