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Conceptual Connection: For each situation, indicate when the company should recognize revenue on an accrual basis. a. A store sells a gift card in December,

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Conceptual Connection: For each situation, indicate when the company should recognize revenue on an accrual basis. a. A store sells a gift card in December, which will be given as a Christmas present. The card is not redeemed until January. b. A furniture store sells and delivers furniture to a customer in June with no payments and no interest for 6 months. c. An airline sells an airline ticket and collects the fare in February for a flight in March to a spring break destination. d. A theme park sells a season pass and collects the cash in January, which allows entrance into the park for an entire year. e. A package delivery service delivers a package in October but doesn't bill the customer and receive payment unt November

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