3- Product costs such as labor and materials should be recognized as expense hen the production process is complete ( true or false )

4- when there are multiple performance obligations in one contract the firm should ait till all performance obligations are satisfied before recognizing any revenue ( true or false )

5- on october 1. 2014 delta company paid one year rent of $ 12000 for an office and the rent started on the same date. delta accounted for the entire amount as rent expense. what is the / - true about december 31, 2014 adjusting entry ; a- credit rent expense for $3000 . b- debt rent expense for $3000. c- debit prepaid rent for $ 9000. d - credit prepaid rent for $ 9000