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Which criteria for recognizing revenue from a sale

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Reference no: EM132564411

Question 1: Which of the following is/are criteria for recognizing revenue from a sale?

Option 1: Top of Form

Option 2: Title and risks of ownership have been exchanged.

Option 3: The company is reasonably assured of collecting the receivable.

Option 4: The customer has, in turn, sold the product to its own customer.

Option 5: Both title and risks of ownership have been exchanged and the company is reasonably assured of collecting the receivable.

Reference no: EM132564411

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