Revenue recognition for various types of businesses. 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 the rights to the movies are sold 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 only "speculative" houses and later sells the houses to buyers h. A producer of fine whiskey that is aged 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 has customers take trips or return tickets in the next period k. A printer who prints only custom-order stationery 1. 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