Which of the Following Is Not True? Firms Recognize Revenue

Multiple Choice

Which of the following is not true? Firms recognize revenue

A) when they have completed an earnings process or performed most or all of their obligations to customers, usually the delivery of a product or service.
B) when they have received cash.
C) using the percentage-of-completion method when the firms sell products under long-term contracts, such as construction companies.
D) using the completed contract method [U.S.GAAP, only] when firms cannot reasonably estimate revenues and costs.
E) using a variant of the cost-recovery method [IFRS, only] when firms cannot reasonably estimate revenues and costs.