Which of the following statements best describes the nature of eligibility criteria and stipulations?

A. The difference between eligibility criteria and stipulations is one of timing; that is, when the terms of a transfer payment are required to be met by the recipient.

B. All transfer payment recipients will be subject to either eligibility criteria or stipulations.

C. If stipulations are not met, the transferring government will be unable to recognize the transfer as an expense.

D. Once all eligibility criteria have been met, the transferring government can recognize the transfer payment as a liability.