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In the event that a contract does not meet all five conditions of a valid contract outlined in ASC 606, Select one: O A. The

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In the event that a contract does not meet all five conditions of a valid contract outlined in ASC 606, Select one: O A. The contract is automatically considered terminated. B. The contract is still valid because validity does not require all five conditions to be met as long as indicators of validity are present. C. The seller generally records a liability for any consideration received. O D. The seller may recognize revenue as long as the consideration received from the customer is nonrefundable. O E. The seller recognizes revenue on a straight-line basis over the contract term

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