In which of the following situations does the entity hold a contract asset rather than a receivable?Your answerAIt has delivered goods and issued an invoice payable within 30 days, with no other condition.BIt has delivered the first of two pieces of equipment; the contract entitles it to payment only after delivering the second.CIt has received an advance from the customer for a service it has not yet started.DIt has completed phase 1 of a project; under the contract, invoicing for this phase depends on the entity completing phase 2.SubmitHint