Which of the following is not an indication that control over goods or services have transferred at a point in time?
A) Customer has accepted the goods or service.
B) Customer has legal title to the goods.
C) Identifying the contract with a customer.
D) Business has a right to payment.

Question

Quizplus · Accepted Answer

Identifying the contract with a customer is a preliminary step in revenue recognition, not an indication of transfer of control at a point in time.

Which of the Following Is Not an Indication That Control