财务

问题如下：

Question According to the converged standards for revenue recognition, which of the following might indicate that a seller has transferred control of an asset to a buyer at a point in time? The seller has:

选项：

A.legal title of the asset. B.a present right to payment for the asset. C.significant risks and rewards of ownership related to the asset.

解释：

Solution

1. Incorrect because the entity will recognize revenue when it is able to satisfy the performance obligation by transferring control to the customer. Factor to consider when assessing whether the customer has obtained control of an asset at a point in time: Customer [not the entity/seller] has legal title.

2. Correct because the entity [the seller] will recognize revenue when it is able to satisfy the performance obligation by transferring control to the customer. Factor to consider when assessing whether the customer has obtained control of an asset at a point in time: Entity has a present right to payment.

3. Incorrect because the entity [the seller] will recognize revenue when it is able to satisfy the performance obligation by transferring control to the customer. Factor to consider when assessing whether the customer has obtained control of an asset at a point in time: Customer [not the entity/seller] has the significant risks and rewards of ownership.

Analyzing Income Statements

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