Which of the following is a situation indicating that control over goods or services transfers over a period of time?
A) Customer accepts delivery and installation of an alarm system.
B) Contractor constructing an office building.
C) Customer purchases a mattress and picks it up immediately.
D) Customer pays a contract plumber immediately after having their laundry connections fixed.

Question

Quizplus · Accepted Answer

Control over goods or services transfers over a period of time when the customer receives and consumes the benefits as the work is performed, such as in the case of a contractor constructing an office building.

Which of the Following Is a Situation Indicating That Control