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its a yes or no answer. thank you Assume that you are using the accrual accounting system. For the following situations, should you recognize the

its a yes or no answer. thank you
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Assume that you are using the accrual accounting system. For the following situations, should you recognize the revenue today? 1. Receiving an order for goods to be delivered at a future date Select] 2. The sale of tickets (and receipt of cash) by the Philadelphia 76ers in February for a game that will be played in March. [Select] [ Select) Yes No For the following situations, should you recognize the expense today? 3. Purchase of inventory, using cash, to be sold next month. [Select) 4. Payment of rent for the next year, starting at the beginning of next month. [ Select)

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