FOR EACH O THE FOLLOWING SOLUTIONS, DETERMINE WHETHER THE CRITERIA FOR REVENUE RECOGNITION HAVE BEEN MEET BY DECEMBER 31,2015.

A. A manufacturing company received $50,000 cash on December 31, 2015, as an advance payment on a special order for a piece of equipment. The equipment will be manufactured by March 31, 2016.

B. a television dealer acquired six new high-definition television sets for $8,400 cash on December 31, 2015, and advertised their availability, at $2,000 each, in that evening's newspaper.

C. A snow removal service signed a contract on November 15, 2015, with a shopping mall to clear its parking lot of all snowfalls over 1 inch during the months of December 2015 through March 2016. The cost is $600 per month and payment is due in two $1,200 installments: January 2, 2016, and February 1, 2016. By December 31, 2015, no snowfall over 1 inch had occurred.