Theoretically, for Revenue to Be Recognized the Risks and Benefits

Multiple Choice

Theoretically, for revenue to be recognized the risks and benefits of ownership must have been transferred to the buyer.This refers to

A) expected cash flows being recognized
B) benefits being the expected net cash flows and the risks being the likelihood of another amount of cash being received
C) benefits being properly recorded revenue and the risks being the likelihood of expenses being greater than expected
D) expected revenue being realized