Which of the following best describes the condition(s) that must be present for the recognition of revenue?
a. The revenue must be earned, measurable, and collected.
b. The revenue must be earned and collectible.
c. The revenue must be earned, measurable, and collectible.
d. The revenue must be measurable and collectible.
C
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Douglas obtained a $100,000 insurance policy on his warehouse. The policy contained an 80 percent coinsurance clause. An accidental fire totally damaged the building that had a fair market value of $250,000 at the time of the loss. How much will Douglas recover from his insurance company?
A. $100,000 B. $80,000 C. $250,000 D. $200,000
Which of the following is NOT a guideline to effectively running the virtual meeting?
a. Publish the meeting ahead of time. b. Break the meeting into short chunks. c. Script the meeting more loosely than a face-to-face meeting. d. Create a common visual focus during the meeting.
Flyvbjerg (1998, 2002) demonstrated how different agencies and authorities in the Danish city of Aalborg sought to ¬¬_______ their particular versions of rationality as the strategy to be followed.
a. Rationalize b. Romanticize c. Repair d. Rusticate
The best time to sell stock is when you
A) need the money. B) think the stock price has peaked. C) want to purchase another stock. D) have achieved 25% return.