If the firm has received a promise of payment but cannot measure this promise with reasonable reliability,
a. U.S. GAAP would permit revenue to be recognized, but IFRS would not permit revenue to be recognized.
b. U.S. GAAP would not permit revenue to be recognized, but IFRS would permit revenue to be recognized.
c. neither U.S. GAAP nor IFRS would permit revenue to be recognized.
d. U.S. GAAP and IFRS would permit revenue to be recognized.
e. none of the above
C
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The mean 
of a probability distribution is a measure of
A. variability of the distribution. B. central location. C. the shape of the distribution. D. skewness of the distribution.
Which of the following describes the financing activities section of the statement of cash flows?
A) It includes increases and decreases in long-term assets. B) It includes cash inflows and outflows related to long-term liabilities and equity. C) It includes interest and dividend income and cash payments for interest expense. D) It reports on activities that create revenue or expenses for the entity's business.
The financial statement that shows the result of a firm’s operations over a given period of time (such as a month) is called a/an _________________________.
Fill in the blank(s) with the appropriate word(s).
Interest may be defined as:
A. Time. B. A borrower's payment to the owner of an asset for its use. C. Always an asset. D. The future value of a present amount. E. Always a liability.