(Solved): For each of the following separate situations, determine how much revenue is recognized in December ...

For each of the following separate situations, determine how much revenue is recognized in December (using accrual basis accounting). a. On December 7, Oklahoma City Thunder sold a

ticket to a basketball game to be played in March. b. Tesla sold and delivered a

car on December 25 . The customer will not pay until February. c. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of

due at the end of the contract. On December 31,75% of the services have been completed.