Which of the following is a criterion that must be met to recognize revenue from the sale of goods?
a. the receipt of consideration to which the entity is entitled under the contract must be probable.
b. the goods must have been delivered into the customer’s physical possession.
c. all of the contract’s performance obligations must have been satisfied.
d. it is highly probable that the buyer will pay the consideration promptly.

The most likely location of the inaugural address was in what country?

How does specialization enable countries to trade with one another? a country can make and sell goods affordably and buy goods that it is inefficient at making. a country can make what it chooses and sell its goods to other countries. a country can decide to buy everything it needs from other countries. a country can efficiently make goods that were once difficult to make.

The following legal claims exist for m. finger co. identify the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements. 1. m. finger (defendant) estimates that a pending lawsuit could result in damages of $1,250,000; it is reasonably possible that the plaintiff will win the case. an item described in notes to its financial statements. a liability that is recorded. 2. m. finger faces a probable loss on a pending lawsuit; the amount is not reasonably estimable. a liability that is recorded. an item described in notes to its financial statements. 3. m. finger estimates damages in a case at $3,500,000 with a high probability of losing the case. an item described in notes to its financial statements. a liability that is recorded. the amount that m. finger co. should record in its accounting records related to these suits is: