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QUESTION 13 Which of the following statements is correct? a. A liability is created when cash is received prior to delivery of the goods or

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QUESTION 13 Which of the following statements is correct? a. A liability is created when cash is received prior to delivery of the goods or services to a customer. Revenue is not recognized at the time of delivery of goods and services to customers if cash is received after delivery of the goods and services. Revenue is recognized at the time of delivery of the goods or services to customers only if cash is received Oc ed Collecting cash after delivery of a good or service to a customer create revenue on the income statement at the date of collection

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