, study & Practice Assignment Gradebook ORION Downloadable Textbook - Open Assignment CALCULATOR RESOURCES CC185 3 hoice Multiple Choice Question 80 Are advanced receipts from customers treated as revenue at the time of receipt? Why or why not? Choice 59 Choice Choice Choice 22 Choke 121 Choice O No, revenue cannot be recognized until the performance obligation is satisfied. Yes, they are treated as revenue at the time of receipt because the company has access to the cash. O No, the amount of revenue cannot be adequately determined until the company completes the work. Yes, The intent of the company is to perform the work and the customer is confident that the services will be completed