What is the appropriate revenue recognition procedure for upfront payments received in a contract with a customer?
A. capitalize and amortize over the contract term
B. defer recognition until the end of the contract
C. recognize immediately
D. recognize whenever the related performance obligation is satisfied
Answer: D
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Roth is a computer-consulting firm. The number of new clients that they have obtained each month has ranged from 0 to 6. The number of new clients has the probability distribution that is shown below. ? Number of New Clients Probability 0 0.05 1 0.10 2 0.15 3 0.30 4 0.25 5 0.10 6 0.05 ? The standard deviation is
A. 1.45. B. 2.09. C. 3.1. D. 9.61.
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Indicate whether the statement is true or false.
The Community Reinvestment Act does not apply to banks, only mortgage lenders
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