Presented below are three revenue recognition situations.

(a)	Groupo sells goods to MTN for $930,000, payment due at delivery.
(b)	Groupo sells goods on account to Grifols for $816,000, payment due in 30 days.
(c)	Groupo sells goods to Magnus for $529,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $491,600.

Indicate the transaction price for each of these situations and when revenue will be recognized.

(a)	(b)	(c)
Transaction Price	$	$	$
Revenue will be recognized	At the point of saleAt delivery	At the point of saleAt the time of payment	At the point of saleAt the time of payment