Assume that you are using the accrual accounting system. For the following situations, should you recognize the revenue today?

options: Yes or No

Assume that you are using the accrual accounting system. For the following situations, should you recognize the revenue today? 1. Receiving a pre-order for a game that you will deliver at a future date [Select] 2. Delivering a TV to a customer who will pay you next month Select] For the following situations, should you recognize the expense today? 3. Hiring a new employee who will start working next month. (Select] 4. Buying insurance for the next year, which will start at the beginning of next month. [Select]