Which of the following is the most likely explanation for the imposition of a price floor on the market for corn?
a. policymakers have studied the effects of the price floor carefully, and they recognize that the price floor is advantageous for society as a whole.
b. buyers and sellers of corn have agreed that the price floor is good for both of them and have therefore pressured policy makers into imposing the price floor.
c. buyers of corn, recognizing that the price floor is good for them, have pressured policymakers into imposing the price floor.
d. sellers of corn, recognizing that the price floor is good for them, have pressured policymakers into imposing the price floor.

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?