All of the Following Situations Contribute to the Need for a Company

Multiple Choice

All of the following situations contribute to the need for a company to recognize deferred revenues, except for:

A) Partially executed contracts between buyers and sellers
B) The requirement by sellers for the prepayment of goods and services
C) Mutually unexecuted contracts between buyers and sellers
D) The seller has collected a deposit but not yet met the criteria for revenue recognition