The four conditions that must exist,according to the SEC,before revenue should be recognized include all of the following except

Question

Quizplus · Accepted Answer

The correct conditions that must exist before revenue should be recognized, according to the SEC, include A) there is a reasonable assurance the amount is collectible, B) a selling price has been determined, and D) persuasive evidence of an arrangement exists. However, delivery occurring or services being rendered within 30 days is not a required condition.

The Four Conditions That Must Exist,according to the SEC,before Revenue