A Sale of Goods Under a Hire-Purchase Agreement Is Usually

A sale of goods under a hire-purchase agreement is usually treated by accountants as a sale when the agreement is signed because:

A) the goods are physically transferred to the buyer when the agreement is signed
B) hire-purchase agreements are usually for a 12-month term
C) accountants are more interested in the economic substance of a transaction than in its legal form
D) ownership of the goods passes to the buyer when the agreement is signed