Which Two of the Following Determine When Revenue Is Recorded

Which two of the following determine when revenue is recorded on the financial statements based on the recognition principle?
I.Payment is collected for the sale of a good or service.
II.The earnings process is virtually complete.
III.The value of a sale can be reliably determined.
IV.The product is physically delivered to the buyer.

A) I and II only
B) I and IV only
C) II and III only
D) II and IV only
E) I and III only