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Middleman Bargain Company sells goods directly to customers at rock-bottom prices. The company advertises products for delivery within one month, which it then sources from suppliers based on actual orders received. In order to eliminate bad-debt risk, payment is required at the time of sale, before items are shipped. The company recognizes the revenue as soon as payment is received. Is the company recognizing revenue appropriately? Why or why not? O No. The company should not recognize revenue until it has satisfied its performance obligation. Xves. Yes. The company should recognize revenue at the time of sale, when cash is received, so profit is not overstated Yes. The company should recognize revenue immediately, so that it is able to source products from suppliers efficiently. O No. The company should recognize 50% of revenue upon receipt of payment, and the balance upon delivery