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Presented below are three revenue recognition situations ta) Groupo sells goods to MTN for $1.019.000 went donat delivery (b) Groupo els goods on account to

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Presented below are three revenue recognition situations ta) Groupo sells goods to MTN for $1.019.000 went donat delivery (b) Groupo els goods on account to Grifols for $229,000. wyment due in 30 days (c) Groupo sells goods to Mars for $496.000, panelit due in two instaliments, the best installment swable in 18 months and the second payment due 6 months later. The present value of the future payments is $458,400 Indicate the transaction price for each of these situations and when revence will be recognized (s) Troration Price Reverse will be recognized eTextbook and Media Attempts of lied Summit

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