PRINCIPLES OF AUDITING & OTHER ASSURANC
PRINCIPLES OF AUDITING & OTHER ASSURANC
21st Edition
ISBN: 9781264007202
Author: WHITTINGTON
Publisher: MCG
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Chapter 11, Problem 36FOQ

Under SEC rules, which of the following is not among the criteria that ordinarily exist for revenue to be recognized?

  1. (1) Collectibility is reasonably assured.
  2. (2) Delivery has occurred or is scheduled to occur in the near future.
  3. (3) Persuasive evidence of an arrangement exists.
  4. (4) The seller’s price to the buyer is fixed or determinable.
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PRINCIPLES OF AUDITING & OTHER ASSURANC

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