A firm commitment agreement outlines the details of the IPO deal

When a seller is exposed to continued risks of ownership through return of the product, the seller should recognize revenue:

A. when all return privileges have expired. B. immediately, but reduce revenue by an estimate of future returns. C. at the time of sale and account for returns as they occur. D. at the time of sale only if 6 specific conditions are met.

Footing in which of the following:

a. A masonry course upon which the mudsill is fastened. b. Square blocks of concrete on which asphalt tile may be late. c. A slab of concrete in the rear yard use for recreational purposes. d. The spreading part at the base of a foundation wall or pier.