Question 16 Which situation would result in revenue recognition on the income statement for the year ending : 12131/15 if the company is using accrual - basis accounting ? a . An airline company sells tickets in 2015 for flights that passengers will take in 2016 . b . A retail company sells merchandise on credit to a customer in December 2015 The customer pays for the merchandise purchased in January 2016 C . In 2015 an architectural company enters in contract with a customer to provide services in 2016 d . In 2015 , a company collects cash from a customer for services they provided the customer in 2014