Question 12 (12 points) In which of the following situations does a long-term contract qualify for recognition of revenue over time (i.e., recognition based on the percentage of completion)? (select all that apply - i.e.. just one or as many as all of them) When the customer owns the seller's work in process When the seller is receiving periodic payments for progress to date When the seller is creating an asset that is highly customized for the customer When the contract allows the customer to request updates on the progress to date