You are auditing the revenue cycle for your client. During your examination, you find that the client has transferred several products to their own, off-site warehouse and recorded the revenue in the books and records, at an amount close to $1,000,000. You ask the CFO about the recording of the revenue and he says, "The products have left our facility and will be shipped to the customer. Here, I will show you the customer purchase orders", he says. Do you agree with the Chief Financial Officer's (CFO) recording of the revenue? What is GAAP for this type of situation? Explain and support your position. Cite your sources. (Where did you get the information?)