Jones Inc. sells wireless speakers that connect to the internet for $210. Jones Inc. also sells an annual subscription to music and entertainment channels curated to each customer for $140. Customers can get a deal by purchasing both the speakers and the annual subscription together as a packaged deal for $300. On February 28, 2020, Jones Inc. sold one of their speaker and annual subscription packaged deals for $300. How much revenue would Jones Inc. recognize in the journal entry they book on February 28, 2020 to record the sale? A. $140 B. $300 C. None of the answers are correct D. $180 E. $210 Which of the following is not true about revenue recognition with respect to long-term construction contracts? A. Long-term construction contracts require accounting for construction in progress as well as billings to customers. B. Long-term construction contracts typically include multiple performance obligations because of all the different types of goods or services included for each project. C. Long-term construction contracts often are viewed as having a single performance obligation, because goods or services fail the "separately identifiable" criterion. D. Long-term construction contracts often satisfy the criteria for recognizing revenue over time. E. None of the answers are correct