D. states that the anciar statements are tree or sign icant erro O c. affirms that management is responsible for assuring adherenc internal control policies and procedures. d. guarantees that the firm has operated in a highly ethical manne The term, "realization," in revenue recognition refers to which of the following? Select one: O a. The entity has completed, or substantially completed, the activities it must perform to be entitled to the revenue benefits. O b. The product or service has been exchanged for cash, claims to cash, or an asset that is readily convertible to a known amount of cash or claims to cash. c. The entity has received an irrevocable order for goods or services d. Cash has been received with an irrevocable order for goods or services. Under most circumstances, in order to recognize revenue: Select one: O a cash must have been received. h the entity must expect to receive cash in the future