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What nike ltd will recognize

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Problem 1: Nike Ltd sold goods to a customer for a total consideration of $181 500, payable 24 months after delivery. The customer obtained control of the products on delivery. The cash selling price of the goods amounted to $150 000 and represents the amount that the customer would pay upon delivery instead of over 24 months. Nike Ltd will recognize:

1) Revenue of $181 500 on delivery;

2) Revenue of $181 500 after 24 months;

3) Revenue of $150 000 on delivery and interest income of R31 500 over 24 months;

4) Revenue of $150 000 on delivery and interest income of R31 500 after 24 months.

Reference no: EM132684638

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