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Identify Jet Blue's sources of revenue as described in the case. Then explain how each of the revenue sources was recognized prior to the...

1.      Identify Jet Blue's sources of revenue as described in the case. Then explain how each of the revenue sources was recognized prior to the implementation of ASC 606.


2.     Using ASC 606-10-05-04 and the five step process explained in this paragraph, determine and explain how Jet Blue should recognize its revenue sources starting in January 2018.  As you explain the issues in this process, please provide appropriate citations to other sections of ASC 606. 

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