a$.$

A physician performs a surgical operation and bills the$$ patient's insurance company. It may take four months to collect from the insurance company. Should the physician record revenue now or wait until cash is$$ collected?

b$.$

May has been a particularly slow$$ month, and the business will have a net loss for the second quarter of the year. Management is considering not following its customary practice of reporting quarterly earnings to the public.

c$.$

Salary expense of$$ $$2,835,000$ is accrued at the end of the period to measure income properly.

d$.$

A utility bill is received on December $28$ and will be paid next year. When should the company record utility$$ expense?

e$.$

A construction company is building a highway$$ system, and construction will take five years. When should the company record the revenue it$$ earns?