If the seller does not meet the three criteria for revenue recognition, then it assumes that goods or services are transferred over time.

Name: If the seller does not meet the three criteria for revenue recognition, then it assumes that goods or services are transferred over time.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the seller does not meet the criteria for revenue recognition, it cannot assume that goods or services are transferred over time. Revenue recognition depends on meeting specific criteria, not assumptions.

If the Seller Does Not Meet the Three Criteria for Revenue