Groovy Co., a big corporation domiciled in the Philippines, enters into a 3-year contract with a customer. At contract inception,Groovy assesses the customer's ability and intention to pay the consideration in the contract and concludes that the collectibility of the consideration is significantly uncertain. For financial reporting, Groovy should do all of the following except:

a.) not recognize any revenue until the criteria under PFRS 15 are met

b.) recognize any consideration received from the contract as liability

c.) reassess the contract in subsequent periods using the guidance in PFRS 15

d.) apply the installment sales method