Antitrust law in _________ poses the possibility of criminal liability, but this is not possible in ______

How are assets to be reported when the liquidation basis of accounting is being applied?

A. At cost less accumulated depreciation. B. At the estimated amount of cash to be received. C. At fair value. D. At the lower of cost or market value.

A sale should not be recognized as revenue by the seller at the time of sale if

a. payment was made by check. b. the selling price is less than the normal selling price. c. the buyer has a right to return the product and the amount of future returns cannot be reasonably estimated. d. none of these.