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In each of the following situations, identify the element or elements, recognized, give the reason. that would appear in financial statements. If no element is

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In each of the following situations, identify the element or elements, recognized, give the reason. that would appear in financial statements. If no element is points 1. Unpaid gas bill. 2. A patent on a new invention that the market is unknown. 3. Training courses taken by employees at the company's expense 4. Authorized but unissued common shares of a company that will likely 5. A partially completed consulting project for a client 6. The expenses of a lawsuit against the company 7. Customer goodwill as indicated by a high percentage of satisfied 8. A reputation for high-quality products. ear. Cash, Account receivable Cash, uneared revenue Employee expense Inventory 9. Cash received from a customer for work to be done next year. 10. A Mercedes-Benz limousine leased for the company CEO

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