Exercises Assessing Revenue Recognition Timing Explain when each of the following businesses fulfills the performance obligations implicit in the sales contract. LO1 American Eagle Outfitters Inc. (AEO) Boeing Co.(BA) 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 Supervalu Inc. (SVU) to buyers f A banking institution like Bank of America Corp, that lends money for home mortgages 8. A manufacturer like Harley-Davidson Inc. h. A publisher of magazines such as Time-Warner Inc. Bank of America Corp. (BAC) Harley-Davidson Inc. HOG) Time-Warner Inc