Sales Revenue May Be Brought to Account When the Product

Sales revenue may be brought to account when the product is in the form in which it is to be sold even though the property to the product has not passed to the purchaser under certain conditions.These conditions include:

A) A firm order has been placed by a regular customer with a consistent track record of paying on time.
B) The market for the product is liquid enough that the product may be considered to be effectively equivalent to cash when it is ready for sale.
C) The product has moved from the physical control of the vendor under an enforceable contract.
D) The product is in the nature of precious gems or gold.