For each of the following situations, identify the revenue or expense recognition method that you…

For each of the following situations, identify the revenue or expense recognition method that you feel is most appropriate. The recognition methods are: ■ At point of sale ■ At time of delivery (if different from point of sale) ■ When cash is received (if different from point of sale) ■ At expiration of guarantee or warranty period ■ When contract is signed ■ Over time ■ When service/contract is complete ■ According to degree of completion ■ According to units of production

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