A contract asset
A) represents the seller's performance obligation.
B) arises when a customer's payment of consideration occurs prior to the seller's performance under the contract.
C) represents the seller's unconditional right to receive consideration from a customer.
D) arises when the seller's right to consideration from a customer is conditional upon something other than the passage of time.
D
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List and explain the six basic files in the general ledger database
Resource and capability analysis is designed to
A. ascertain which of a company's resources and capabilities are competitively valuable. B. ascertain to what extent a competitor can sustain a competitive advantage. C. stimulate demand for a product. D. stimulate economic growth for companies within the industry. E. ascertain the internal marketplace of non-distinct divisions of the company.
Match each term with the correct statement below.
a. junk bond b. debenture c. serial bond d. callable bond e. convertible bond f. indenture g. noncallable bonds h. secured bond 1. A bond that is backed by some form of collateral that the bondholder would receive if the company does not live up to its obligations 2. An agreement that spells out the details and responsibilities in a bond transaction 3. Bonds that are not backed by anything other than the name of the issuer 4. Bonds that mature at different intervals from the date of issue 5. Bonds that do not allow the company to purchase back its bond 6. Very risky debentures
To be a defense in a suit for breach of contract, a mistake about some fact in a contract must have been made by ____________________ parties
Fill in the blank(s) with correct word