Presented below are three revenue recognition situations.

(a) Grupo sells goods to MTN for \($1\),000,000, payment due at delivery.

(b) Grupo sells goods on account to Grifols for \($800\),000, payment due in 30 days.

(c) Grupo sells goods to Magnus for \($500\),000, payment due in two installments: the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is \($464\),000.

Instructions Indicate the transaction price for each of these transactions and when revenue will be recognized.