Under IAS 18,if Four Out of the Five Conditions for Recognizing

Multiple Choice

Under IAS 18,if four out of the five conditions for recognizing revenue from the sale of goods are met,and the entity is 75% certain that revenue will be recognized as a result,how would a $100,000 sale be recognized at the time of the sale?

A) The recognition of the entire sale must be deferred until the fifth condition has been met.
B) $75,000 of the sales price can be currently recognized and $25,000 will be treated as a liability.
C) The entire $100,000 sales price can be currently recognized since most of the conditions have been met.
D) None of the above represents a proper treatment of this sale.