The Earnings Cycle Is Complete Under Two Conditions: ___________ and ___________

Short Answer

The earnings cycle is complete under two conditions: ___________ and ___________.
revenue recognition; matching
the sale is complete; the customer has paid the company
at least two years have passed; the customer has paid the company
the sale is complete; the customer has promised to pay the company
the cost of goods sold has been determined; operating revenues exceed operating expenses