Discuss when revenue is likely to be recognized by firms in each of the following types of businesses:

a A shoe store.

b A ship-building firm constructing an aircraft carrier under a government contract.

c A real estate developer selling lots on long-term contracts with small down payments.

d A clothing manufacturer.

e A citrus-growing firm.

f A producer of television movies, where the rights to the movies for the first 3 years are sold to a television network and all rights thereafter revert to the producer.

g A residential real estate developer who constructs only "speculative" houses and then 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.

k A printer who prints only custom-order stationery.

I A seller of trading stamps to food stores 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.