Which Are Two Conditions That Must Be Met Before Revenue

Multiple Choice

Which are two conditions that must be met before revenue is to be recognized under IFRS?

A) Persuasive evidence of an arrangement exists and product or service can be delivered
B) Product or service can delivered and collectability is reasonably assured
C) Persuasive evidence of an arrangement exists and the market of the products or services are well regulated
D) Seller's price to the buyer is fixed or determinable and collectability is reasonably assured