D Question 15 There are many times when customers make advance payments for services that are structured like subscriptions. The customer makes the payment and then the business delivers some product once a month, once a week or on some other frequency. The advance payments that the customers make are to be recognized in the financial statements as: Liabilities until the product or service is provided. A component of stockholders' equity. O Long-term assets until the product or service is provided. Revenue upon receipt of the advance payment. 4 pts