Presented below are three revenue recognition situations.

$($a$)$ Groupo sells goods to MTN for $$911,000,$ payment due at delivery.

$($b$)$ Groupo sells goods on account to Grifols for $$834,000,$ payment due in $30$ days.

$($c$)$ Groupo sells goods to Magnus for $$532,000,$ payment due in two installments, the first installment payable in $18$ months and the second payment due $6$ months later. The present value of the future payments is $$493,400.$

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

$($a$)($b$)($c$)$

Transaction Price

$ enter a dollar amount

$ enter a dollar amount

$ enter a dollar amount

Revenue will be recognized

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