One of the Requirements That Must Be Met in Order

One of the requirements that must be met in order to defer recognition of income for advance payments for goods is

A) the goods are produced in the United States.
B) the goods are on the taxpayer's premises on the last day of the tax year.
C) the taxpayer's method of accounting for the sale for tax purposes is the same as the method used for financial reporting purposes.
D) the amount received is more than the taxpayer's cost of the goods.