Which revenues under aspe is recognized

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Problem 1: Revenues under ASPE is recognized when the following criteria are met:

Group of answer choices

Option 1: Risks and rewards of ownership are transferred to the buyer; seller has no continued involvement or control of goods; costs and revenues can be reliably measured; collectability is probable.

Option 2: Risks and rewards of ownership are transferred to the buyer; seller has no continued involvement or control of goods; costs and revenues can be reliably measured; collectability is guaranteed.

Option 3: Risks and rewards of ownership are transferred to the buyer; seller has no continued involvement or control of goods; costs and revenues can be precisely measured; collectability is guaranteed.

Option 4: Risks and rewards of ownership are transferred to the buyer; seller has no continued involvement or control of goods; costs and revenues can be precisely measured; collectability is probable

Reference no: EM132739577

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