9. Respond to the following: a. When is revenue generally recognized, and what are three other alternative points in time for recognizing revenue? b. When is each alternative revenue recognition method appropriate and why have these methods evolved? c. What is the primary criterion for revenue recognition applied in practice, and what attributes must be measurable before revenue is recognized.

10. Discuss the effect, if any, each of the following should have on the recognition of future events: a. The probabilistic nature of future events b. Management intent c. Conservatism d. Future economic conditions e. Future legal requirements

Please describe in detail.