Which of the following is a situation indicating that control over goods or services have transferred at a point in time?
A) Customer accepts delivery and installation of an alarm system.
B) Contractor constructing an office building.
C) A warranty service that provides support for a period of two years.
D) Customer purchases season tickets to the Wolves football team.

Question

Quizplus · Accepted Answer

Control over goods or services is typically transferred at a point in time when the customer accepts delivery, as in the case of the alarm system.

Which of the Following Is a Situation Indicating That Control