A college has collected returnable dormitory room deposits from students. How would these deposits be reported by the college?
A. A long-term liability.
B. Unrestricted revenue.
C. A current liability.
D. Restricted revenue.
Answer: C
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Unlike GAAP, IFRS encourage the disclosure of all of the following except
A) reconciliation of net income to operating cash flows when the direct method is used in the cash flow statement. B) undrawn borrowing capacity available for operating activities. C) separation of cash flows that increase operating capacity from those that maintain operating capacity. D) operating, investing, and financing activities by segment.
Socioeconomic status (SES) is often highly correlated with:
A) religion. B) occupation. C) gender. D) personality.
Adella works for a large software company as a security analyst. In her free time away from work, she likes to develop computer games. Which of the following statements is true in this case?
A. Adella and the software company jointly own the games that she develops. B. The person who uses the game first owns the games that Adella develops. C. Adella owns the games that she develops. D. The software company owns the games that Adella develops.
Why does a firm's number of prospects always equal or exceed its number of qualified customers?
What will be an ideal response?