Answer the following question

Clean and Maintain Lid 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 million per year for five years) as revenue. What errors does this create in Clean and Maintain Lid's financial statements? Choose the correct answer below. O A. The expenses must be removed from the amount received before it can be recognised as revenue; thus, the amount of revenue is too high. O B. This will recognise too much revenue at the beginning of the contract, and not enough revenue on the back end. O C. Revenue can only be earned by a company which sells goods. The company is misrepresenting itself in its financial statements because it is a service company. O D. No revenue can be recognised until the end of the contract. This misrepresents the amount of revenue that the company has made prior to the end of the contract