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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Situation Method of recognition Brief explanation a. A vendor sells tomatoes at a farmers' market. b. A department store sells and delivers a washing machine with a three-vear warran c. An electronics store sells a television set with a 14-day "lowcst price is, if the customer finds a lower price on the same product offered by the company or a competitor, the company will refund the difference to the customer. guarantce. (That d. A bus manufacturer signs a buscs contract to supply 280 over five years for the Toronto transit svstem. e. A university receives students course registrationS f. An insurance company issues a one-year insurance poliy on a car g. A company deposits funds into a two-year term deposit that earns 4% per year A company takes a five-year loan bearing interest at 8% per year A company purchases computers for its accounting department A company purcha manufacturing equipment that is expected to produce 50,000 widgets. i. j. ses k. A company incurs delivery costs on January 3 for a shipment of products sold five days earlier (before the year-end).