The Earnings Cycle Is Complete Under Two Conditions: ________ and ________

The earnings cycle is complete under two conditions: ________ and ________.

A) revenue recognition; matching
B) the sale is complete; the customer has paid the company
C) at least two years have passed; the customer has paid the company
D) the sale is complete; the customer has promised to pay the company
E) the cost of goods sold has been determined; operating revenues exceed operating expenses