he term, 'earned; in revenue recognition refers to which of the following? e entity has completed, or substantially completed, the activities it must perform to be entitled to the revenue benefits O 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 O The entity has received an irrevocable order for goods or services O Cash has been received with an irrevocable order for goods or services 09-01 Multiple Choice Difficulty: 2 f6 17 /2 13