For each of the following separate scenarios, determine at what date, or over what period of time, revenue will be recognized:

Group of answer choices

On January 2, 20x1, Arizona Inc. contracts with a customer to provide services in March 20x1 for $8,000. The customer paid Arizona Inc. the contract price on January 2, 20x1. Arizona Inc. performed the services on March 31, 20x1

[ Choose ]

Recognize revenue on January 2, 20x1

Recognize revenue at a point in time on January 2, 20x1 and over time

Recognize revenue evenly over the next 3 months

Recognize revenue evenly over the next 12 months

Recognize revenue on March 1, 20x1

Recognize revenue at a point in time on March 31, 20x1

Recognize revenue on December 27, 20x0

On January 2, 20x1, the Daily Journal collected $200 cash from a customer for a one-year subscription to an electronic newspaper with daily postings

[ Choose ]

Recognize revenue on January 2, 20x1

Recognize revenue at a point in time on January 2, 20x1 and over time

Recognize revenue evenly over the next 3 months

Recognize revenue evenly over the next 12 months

Recognize revenue on March 1, 20x1

Recognize revenue at a point in time on March 31, 20x1

Recognize revenue on December 27, 20x0

On December 27, 20x0, Sparky sold a machine for $200,000 and collected $80,000 cash. The remainder plus 10%. interest is payable December 31, 20x1. Sparky delivered the machine on January 2, 20x1. The customer has an excellent credit rating.