Which one of the following is not an indicator of the transfer of control to the buyer?
A) Seller has present right to payment for the asset.
B) Seller has legal title to the asset.
C) Seller has transferred physical possession of property.
D) Customer has accepted the asset.

Question

Quizplus · Accepted Answer

The seller having legal title to the asset is not an indicator of transfer of control to the buyer; rather, it suggests that the seller still retains control.

Which One of the Following Is Not an Indicator of the Transfer