According to Generally Accepted Accounting Principles (GAAP),revenue Is Recognized as Income

Multiple Choice

According to Generally Accepted Accounting Principles (GAAP) ,revenue is recognized as income when:

A) a contract is signed to perform a service or deliver a good.
B) the transaction is complete and the goods or services are delivered.
C) payment is requested.
D) income taxes are paid on the revenue earned.
E) managers decide to recognize it.