In 1992 american airlines offered a 50-percent-off sale and cut fares. in 1993 continental airlines and northwest airlines sued american airlines over this action. what was the likely basis of the suit? how does the knowledge that continental and northwest were in serious financial trouble play a role in the suit?

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?