Discuss when each of the following types of businesses is likely to recognize revenue:
a. A shoe store.
b. A shipbuilding firm constructing an aircraft carrier under a government contract.
c. A real estate developer selling lots on long-term contracts with small down payments required.
d. A barbershop.
e. A citrus-growing firm.
f. A producer of television movies working under the condition that it will sell the rights to the movies to a television network for the first three years, and all rights thereafter revert to the producer.
g. A residential real estate developer who constructs houses only on speculation and later sells the houses to buyers.
h. A producer of fine whiskey that ages from 6 to 12 years before sale.
i. A savings and loan association lending money for home mortgages.
j. A travel agency that sells tickets in one period and to customers who take trips or return tickets in the next period.
k. A printer who prints only custom-order stationery.
l. A seller to food stores of trading stamps redeemable by food store customers for various household products.
m. A wholesale food distributor
n. A Livestock rancher.
o. A shipping company that loads cargo in one accounting period, carries cargo across the ocean in a second accounting period, and unloads the cargo in a third period; the shipping is all done under contract, and cash collection of shipping charges is relatively certain.