Which of the following is NOT an element identified by the AICPA as being necessary in order to use percentage-of-completion accounting?
a. The construction period can be reasonably estimated.
b. The buyer can be expected to satisfy obligations under the contract.
c. Dependable estimates can be made of the extent of progress toward completion.
d. Dependable estimates can be made of contract costs.
A
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A written customer purchase order is required to trigger the sales order system
Indicate whether the statement is true or false
A physical audit is a formal examination and verification of product movement carried out by examining physical records or analyzing inventory
Indicate whether the statement is true or false
If a project is expected to be completed in 68 days with a project variance of 9 days, what is the probability that the project will be completed between 63 to 70 days?
a. 100% b. 95% c. 90% d. 70%
Fiedler's contingency model suggests that
A. identifying the behavioral traits of leaders is the only way to understand effective leadership. B. the situation or context within which leadership occurs is irrelevant when studying effective leaders. C. identifying the personality traits of leaders is the only way to understand effective leadership. D. if a leader is effective in one situation, he or she can be effective in all other situations. E. leadership styles are enduring characteristics; they cannot be changed or adjusted.