Question: Revenue from a contract with a customer is recognized when the customer receives the rights to receive consideration. cannot be recognized until a contract exists.

Revenue from a contract with a customer
is recognized when the customer receives the rights to
receive consideration.
cannot be recognized until a contract exists.
can be recognized even when a contract is still
pending.
is recognized even if the contract is still wholly
unperformed.
Revenue from a contract with a customer is recognized when the

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