At what point in time do we record a liability related to the life jackets in our financial statements?

Select one:

a. At the sales event, which in our class example of the boating company and life jackets was the day the boating company paid its supplier.

b. At the obligating event, which in our class example of the boating company and life jackets was the day the order is placed.

c. At the obligating event, which in our class example of the boating company and life jackets was the day the order of life jackets is received by the boating company.

d. At the contingent event, which in our class example of the boating company and life jackets was the day the inventory was recorded.