Please comment (100-150 wrds) on the discussion attached. Include references used.

Walmart There is the five step model 1. Identify the contracts with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. In the form 10K Sam's club is part of Walmart. The contract is where there is a transport of perishable grocery and merchandise. They are distributing to facilities where the merchandise is sold in stores or online. There are so many products that are available to customers. They have the delivery where items are delivered to customers homes or where the customers can order items. When they order items, they can pick them up without getting out the car the items are brought to their vehicle. The company recognizes sales revenue, net of sales taxes and estimate sales returns. The Ecommerce sales includes shipping revenue and recorded upon delivery to customers