The parent company with a year-end of November 30, entered into an agreement to sell it's wholly-owned subsidiary on September 1. The agreement was signed by the parent and the buyer. However, the parent's primary lender had to approve of the sale which it did after the parent's year-end. Approval was given in December. Does the parent record the sale as of September 1 when the sales agreement was signed by the parties or in December when it was approved by the lender?