According to the SEC's SAB No. 101, which of the following is not necessary for revenue recognition?
A. The seller's price to the buyer is fixed.
B. Collectibility is reasonably assured.
C. The seller has determined that the buyer will take the discount.
D. Persuasive evidence of an arrangement exists.
C. The seller has determined that the buyer will take the discount.
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All of the following are stages in the product life cycle EXCEPT which one?
A) introduction B) adoption C) growth D) maturity E) decline
Roberta feels that Sal has shown clear improvement over the past three months. When completing Sal's annual performance review, Roberta rates Sal based upon the improvement, rather than considering the entire twelve months of work. Roberta has committed a recency error.
Answer the following statement true (T) or false (F)
In a suit against Owen over the performance of their contract, Phil obtains specific performance. This is
A. an order to do or to refrain from doing a particular act. B. an order to perform what was promised. C. a payment of money or property as compensation. D. the cancellation of a contract.
The amount of FICA tax that employers must pay is twice the amount of the FICA taxes withheld from their employees.
Answer the following statement true (T) or false (F)