Question: Current Attempt in Progress Presented below are three revenue recognition situations. a . Pharoah sells goods to DTN for $ 9 4 2 ,

Current Attempt in Progress
Presented below are three revenue recognition situations.
a. Pharoah sells goods to DTN for \$942,000, payment due at delivery.
b. Pharoah sells goods on account to Sandhill for \(\$ 824,000\), payment due in 30 days.
c. Pharoah sells goods to Sunland for \(\$ 456,000\), 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 \(\$ 417,800\).
Indicate the transaction price for each of these situations and when revenue will be recognized.
Transaction price
\$
(a)
(b)
(c)
Revenue will be recognized
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