In case of deferred revenue liabilities, revenues should almost always be recorded as earned when:
a. the company receives an order for delivery of the product or the performance of a service.
b. the company is reasonably sure that the product can be developed and delivered.
c. the service is performed or the product is shipped.
d. the company receives cash for the service to be performed or the product to be delivered.
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct.
d. Incorrect.
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