A question about financial performance.Need the answer within 2 hrs.Thx soooo much!!!

Test: Statement of Financial Performance Time Remaining: 00:56:13 Submit Test This Question: 1 pt 3 or 7 (1 complete) This Test: 7 pts possible Clean and Maintain Ltd is a supplier of building maintenance services. It signed a contract with a major university on 1 August 2014, under which it will provide services for five years and receive $1 million per year. Clean and Maintain Lid has recognised the entire $5 million ($1 milion per year for five years) as revenue. What errors does this create in Clean and Maintain Ltd's fnancial statements? Choose the correct answer below O A. The expenses must be removed from the amount received before it can be recogniised as revenue; thus, the amount of revenue is too high B. This wil recognise too much revenue at the beginning of the ontract, and not enough revenue an the back end. O C. No revenue can be recognised unti the end of the contract. This misrepresents the amount of revenue that the company has made prior to the end of the contract D Revenue can only be earned by a company which sells goods. The oompany company m representing itself in its financial statements because it is a service