Please analyze each of these situations carefully. a. Roda Company dealership sells both new and used car. Some of the cars are used for demonstration purposes; after 6 months, these cars are then sold as used vehicle. Should Roda Company record these sales of used car as revenue or gain? b. One of the main indicators of whether control has passed to the customer is whether revenue has been earned. Is this statement correct? c. One of the five steps in determining whether revenue should be recognized is whether the sale has been realized. Do you agree? Explain your reason. d. On of the criteria that contracts must meet to apply the revenue standard is collectability of the sales price must be reasonably possible. Is it correct? e. Many believe that distinction between revenue and gains is important in the financial statements. Given that both revenue and gains increase net income, why is the distinction important?