Question: In note 4.6, AF indicates that Both passenger and cargo tickets are recorded as Deferred revenue on ticket sales and that Sales related to air

In note 4.6, AF indicates that "Both passenger and cargo tickets are recorded as "Deferred revenue on ticket sales" and that "Sales related to air transportation are recognized when the transportation service is provided."
a. Examine AF's balance sheet. What is the total amount of deferred revenue on ticket sales as of December 31, 2013?
b. When transportation services are provided with respect to the deferred revenue on ticket sales, what journal entry would AF make to reduce deferred revenue?
c. Does AF's treatment of deferred revenue under IFRS appear consistent with how these transactions would be handled under U.S. GAAP? Explain.

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