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Presented below are four revenue recognition situations. Indicate the transaction price for each of these transactions and when revenue will be recognized. Metlock sells goods

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Presented below are four revenue recognition situations. Indicate the transaction price for each of these transactions and when revenue will be recognized. Metlock sells goods to MTN for $790,000, payment due at delivery, Metlock would recognize revenue of $ 790000 at delivery e Textbook and Media Metlock sells goods on account to Ivanhoe for $630,000 payment due in 30 days. The terms are fo.b. destination. Metlock would recognize revenue of $. 630000 at Metlock sells goods to Sarasota for $520,000, payment due in two instalments: the first instalment payable in 18 months, and the second payment due 6 months later. The present value of the future payments is $475,000. Metlock would recognize revenue of $ at revenue of $ will be earned over the next years using the effective interest me e Textbook and Media Metlock sells merchandise with a retail price of $40,000 in exchange for common shares of its customer. The customer is a private company and issuance of common shares is rare Metlock would record the sales revenue of S at

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