On December 31, Year 1, Microsoft signs a contract with Delta (no cash changes hands). Under the terms of the contract, Microsoft employees will fly on Delta during Year 2, and Microsoft will pay $500,000 for the tickets during Year 2. Does Delta record the $500,000 as revenue during Year 1? 

Answer rating: 100% (QA)

No Delta would not record the 500000 as revenue duri... View the full answer