Recognition of revenue in accrual accounting requires: Multiple Choice only that the amount of cash to be received from the sale of a product or service be known. only that a product be delivered or a service be performed. that the revenue be realized or realizable, and earned. that cash be received.

Spirula trading inc sublets a part of its offices building to jade inc. for a period of ten years . where will the company disclose this information?

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: