Question $20(3\mathrm{.}33$ points$)$

Using accrual accounting, revenues are recorded

when cash is received without regard to when the services are performed or products have been delivered to

customers

when a service has been performed or products have been delivered to customers without regard to when cash is

received

when cash is received at the time services are performed or products have been delivered to customers

only if cash is received after the services are performed or products have been delivered to customers