Question: presented below are three Revenue recognition situations. Indicate how each of these transactions is reported. The options are Revenue recognition before delivery, Revenue recognition by

presented below are three Revenue recognition situations. Indicate how each of these transactions is reported. The options are Revenue recognition before delivery, Revenue recognition by discounting the payments, Revenue recognition at delivery, Revenue recognition after delivery, Revenue recognition at point of sale. a. Grupo sells Goods to MTN for $1000000, payment due at delivery. B. Grupo sells Goods on accounts 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 and six months and the second payment due three months later.

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