19. Under the contract method of revenue recognition, when should a Company recognize revenue? a. At the point of sale b. When cash is received c. When (or as) each performance obligation is satisfied d. When the contract is entered into e. Only after ALL performance obligations have been satisfied 20. What does it mean to "capitalize" a cost? a. Put the cost on the balance sheet as an asset b. Put the cost on the balance sheet as a liability C. Put the cost on the income statement as a revenue d. Put the cost on the income statement as an expense 21. Which of the following is an example of the Matching principle of expense recognition? a. Depreciation expense b. Amortization expense C. Bad debt expense d. Immaterial costs