several events are listed below. conceptual connection for each of the events identify which ones qualify for recognition in the financial statements

@@ISM @ MMBG R OO# akeAssignment takeAssignmentMain doinvokersavedtakeAssignmentSession Locator assignment-take&inprogress-false From E calculator Exercise 2-37 Events and Transactions Several events are listed below. Required: 1. Conceptual Connection: For each of the events, identify which ones qualify for recognition in the financial 2. Conceptual Connection: For events that do not qualify for recognition, explain your reasoning Qualified for recognition in the financial statement? a. Common stock is issued to investors b. An agreement is signed with a janitorial service to provide cleaning services over the next 12 months c. Inventory is purchased. d. Inventory is sold to customers. e. Two investors sell their common stock to another investor. 1. A 2-year insurance policy is purchased. Check My Work All work saved Email Instructor Save and Exit MacBook Air