Brief Exercise 18-08 Presented below are three revenue recognition situations (a) Groupo sells goods to MTN for $1,054,000, payment due at delivery. (b) Groupo sells goods on account to Grifols for $10,000, payment due in 30 days. (c) Groupe sells goods to Magnus for $540,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months Indicate the transaction price for each of these situations and when revenue will be recognized of the future payments is 5503,100 Transaction Price Revenue will be recognized Question Attempts of used SAVELAIR SUBMIT ANS