Question $22$

$3$ pts

$2.$ Under ASC Topic $606$ for revenue recognition, a performance obligation is considered satisfied when control over the goods and services is transferred to the customer. Which of the following is not an indicator that control has transferred? $(3$ points$)$

The customer has legal title of the goods.

The customer is legally obligated to pay for the goods or services.

The customer has accepted the goods and has physical possession of the goods.

All of these are indicators that control has transferred.