Question: According to the U. S. GAAP Conceptual Framework, firms recognize revenue when it is realized (or realizable) and earned. The (or realizable) and earned. The

According to the U. S. GAAP Conceptual Framework, firms recognize revenue when it is realized (or realizable) and earned. The (or realizable) and earned. The SEC has provided four criteria that it believes must be met for revenue to be both realized (or realizable) and earned. What are these four criteria? Provide the Codification reference.

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