3) Under A) cash is received from customers B) cash is received for any reason C) it meets the criteria for revenue recognitiorn D) a company receives cash from a customer on account basis accounting, we record revenue when 4) Current liabilities are debts due within the year or within the normal operating cycle A) past, longer than a year B) next, longer than a year C) past; shorter than a year D) next; shorter than a year 5) Johnson Company's capital stock is currently trading for $22 per share. The following accounts appear on the balance sheet Common stock, $6.00 par value per share, 10,000 shares issued $60,000 $200,000 Paid in capital in excess of par value The only transaction affecting the accounts was one issue of the company's common stock. What was the original selling price of the common stock? A) S6.00 per share B) $20.00 per share C) S22.00 per share D) $2600 per share