Under IAS 18, Which of the Following Is NOT a Condition

Multiple Choice

Under IAS 18, which of the following is NOT a condition that must be met in order for revenue from the sale of goods to be recognized?

A) The significant risks and rewards of ownership of the goods have been transferred to the buyer.
B) There must be a binding, written contract between the seller and the buyer.
C) The amount of revenue can be measured reliably.
D) Neither continued managerial involvement normally associated with ownership nor effective control of the goods is retained.