Select the correct version of each pair of the following sentences. local markets have become saturated; therefore, companies now look to other countries for further expansion. local markets have become saturated, therefore companies now look to other countries for further expansion. you write well, so you should represent the company. you write well, furthermore you should represent the company. employees today are hired for their knowledge as well as their ability to learn new things. employees today are hired for their knowledge. as well as their ability to learn new things. the communication process works fluidly. it moves from one step to the next often without pause. the communication process works fluidly it moves from one step to the next often without pause. convey your ideas clearly, and use precise wording. convey your ideas clearly use precise wording.

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from december 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine expects its season pass holders to use their passes equally throughout the season. the company’s fiscal year ends on december 31. on november 6, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?