Indicate when each of the following businesses should recognize revenue by writing one or more of the following after it: i) on signing contract, ii) when production is complete, iii) on delivery, iv) gradually as goods and services are provided v) after payment.vi) at a later date
A) Fitness club receives member-ship dues in advance
B) Electronics store offering lay-away plan to low income customers
C) Grocery store
D) Christmas tree farm.It takes on average 7 years to grow a tree.
E) Builder building a town-house development for a real estate developer.
F) Sports equipment store offering $50 gift cards for $40 as a weekend promotion
G) Real estate mogul who sells large tracts of land.H) A diamond mining company
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