All of the following are criteria for revenue recognition under the SEC except

A) persuasive evidence of an exchange arrangement exists.
B) delivery has occurred or services have been rendered.
C) collectibility is reasonably assured.
D) the buyer's price to the seller cannot be determined until future performance occurs.

Revenue Recognition

The principle that determines the specific conditions under which revenue is recognized or accounted for.

SEC

The Securities and Exchange Commission, a U.S. government agency responsible for regulating and enforcing federal securities laws.

Persuasive Evidence

Information or documentation that reliably confirms the occurrence of a transaction or the reality of an asset or liability, meeting certain criteria to be recognized in financial statements.