E5-31. Assessing Revenue Recognition Timing Explain when each of the following businesses fulfills the performance obligations implicit in the sales contract. a.A clothing retailer like American Eagle Outfitters Inc. b. A contractor like Boeing Company that performs work under long-term government contracts. c.A grocery store like Supervalu Inc. d. A producer of television shows like MTV that syndicates its content to television stations. e. A residential real estate developer that constructs only speculative houses and later sells these houses to buyers. f. A banking institution like Bank of America Corp. that lends money for home mortgages. g.A manufacturer like Harley-Davidson Inc. h.A publisher of magazines such as Time-Warner Inc. LO1 AMERICAN EAGLE OUTFITTERS INC. (AEO) BOEING CO. (BA) SUPERVALU INC. (SVO) MTV BANK OF AMERICA CORP. (BAC) HARLEY- DAVIDSON INC. (HOG) TIME-WARNER INC TWX