Under Which One of the Following Situations Can a Company

Multiple Choice

Under which one of the following situations can a company recognize revenue under Generally Accepted Accounting Principles?

A) A customer signs a contract to purchase goods to be delivered in two weeks.
B) A company completes production of a customer order to be delivered in two weeks.
C) A company ships the goods for which it received a deposit two weeks ago.
D) A company receives a cash deposit from a customer to deliver goods in two weeks.
E) A company purchased raw materials to complete production of a customer order.