!~~~~~Revenue recognition Discuss when the following organisations are likely to recognise revenue.
1 CPA Australia for membership fees.
2 UNSW for student tuition fees.
3 The Melbourne Cricket Ground membership fees.
4 An advertising company that produces and arranges for the airing of an advertisement on TV.
5 A retailer of photocopying machines to universities. The cost includes free servicing for two years.
6 A golf manufacturer that provides golf equipment to golf courses for sale. The golf course holds them for six months to try to sell them and if not returns them to the golf manufacturer. The golf courses are not invoiced by the manufacturer until they sell the golf clubs.