Revenue recognition. Indicate which of the following transactions or events immediately gives rise to the recognition of revenue under the accrual basis of accounting.

a. A custom T-shirt manufacturer completes production of an order for an upcoming rock concert. It has not yet delivered the T-shirts to the purchaser or received any cash.

b. The publisher of Business Week ships magazines that subscribers paid for in advance.

c. The Miami Marlins, a professional baseball team, sells season tickets for next year's games.

d. General Mills earns interest on a bond issued by Ford Motor Company. Ford will pay the interest next year.

e. Sears collects cash from customers for sales made on account last year.

f. Interpublic Group performs advertising services for clients on account. The advertisements will appear in three months.