Question #$1$: How is the cash acquisition of a software license for $1,000($used over a $4-$year$-$period$)$ ?going to be reflected in the financial statements of the acquiring company at the time of the acquisition $($January $1,$ ?year $1)$ ?and on December $31,$ ?year $1$ ?of the use of the license $?$Question #$2$: List $3$ ?ratios of profitability and their formula.Question #$3$: What does a "deferred revenue" represent and in which financial statement is actually reported $?$