Xyz company is dedicated to operations control. it holds its suppliers to the highest standards, believing there is one best way to complete their tasks. xyz has even gone so far as to incorporate total quality management into its business. following these criteria has allowed the company to grow from a small business to a large corporation.
(a)-xyz plans on going international in the next couple of years to broaden its scope.
(b)-xyz has kept up with new technologies. in fact, it has incorporated a new computer system that with the development of the company's products.
(c)-this system has improved xyz's production dramatically. now, xyz will be able to sell its products at a lower cost.
(d)-the xyz management is dedicated to total quality management and will do whatever is necessary to maintain quality now and for the future.

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?