Revenues are vital for the expansion and growth of any organization. The reason is that they are an important component of the organizations net income. Hence, they are central to financial analysis. According to US GAAP, a firm recognizes revenues when earned and when it has received an asset or satisfied a liability with a value the firm can precisely measure. In some instances, a firm can make an argument to recognize revenue before a product or service has been completed and delivered. Discuss situations when this scenario is correct