The revenue recognition concept
A) is in not in conflict with the cash method of accounting
B) determines when revenue is credited to a revenue account
C) states that revenue is not recorded until the cash is received
D) controls all revenue reporting for the cash basis of accounting
B
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The cost of poor quality includes all of the following except
a. cost of rework b. warranty claims c. scheduling delays d. proceeds from the sale of scrap
The main challenge in writing a good thank-you note is ________
A) including specific details about the act for which you are expressing gratitude B) writing legibly so that your reader can understand the content of your message C) coming up with a message generic enough that it could be used for anyone by just changing names D) writing it in the form of a bulleted list E) keeping the details to a minimum so that your message isn't too lengthy
Your ultimate objective in choosing a channel to deliver bad news is to help the reader or listener:
a. understand your rationale and present a logical argument against your decision. b. understand your rationale and accept your decision. c. logically argue against your rationale and decision. d. None of the above.
A basic principle of internal control over cash receipts is that the deposit of the cash and the recording of the receipts into the journal should be separated
Indicate whether the statement is true or false