For each of the follow scenarios, when would revenue be recognized for each event?

a) You signed a contract with your customer where you guarantee to provide them with accounting services in the following year and they pay you an upfront cash retainer to cover the costs.

b) You sold and delivered 15 Widgets to you customer on 12/31/17 and received payment for it 1/15/18. This is a long-time customer with a solid credit history.

c) You are a magazine publisher and your customers pay for subscriptions for a year. You sold a subscription to a customer on 6/1/17 that paid in advance. How much revenue would you have recognized by 12/31/17?

d) You have delivered goods to a regular customer last year but received the payment this year.