The matching principle requires businesses to report Warranty Expense ________.

A) in the same period that the company records the revenue related to that warranty
B) in the period prior to which the company records the revenue related to that warranty
C) in the period after the related revenue is recorded
D) in the long-term assets section of the balance sheet


A) in the same period that the company records the revenue related to that warranty

Business

You might also like to view...

Leif files a petition in bankruptcy. Among his debts are unpaid taxes, fines owed to the government, student loans owed to Metro University, and support owed to his ex-wife Nadia. Most likely to be discharged are

a. back taxes accrued within the previous three years. b. fines outstanding less than eight years. c. student loans whose payment would impose undue hardship. d. spousal-support debts unpaid for more than eighteen months.

Business

Complete the table below and determine the average customer wait time

A graduate research assistant "moonlights" at the short order counter in the student union snack bar in the evenings. He is considering asking for help taking orders, but needs to convince the management that they should hire another student. Because he is taking a simulation class, he thinks it may be the perfect way to convince management to hire more help if he can show that customers have to wait a long time. When a customer arrives, he takes their order and their payment, prepares the food, gives it to the customer, and then takes the order from the next person in line. If someone arrives while he's cooking an order, they have to wait until he's completed the current order. He is working on the simulation and a portion is shown below. Customer Number Time of Arrival Time Order Taken Order Prep Time Customer Receives Food Customer Wait Time 1 2 2 4 6 0 2 14 14 7 3 19 6 4 28 8 5 33 4

Business

If the injured party can show he conferred a benefit on the defendant, he may be able to show a(n):

a. restitution Interest. b. expectation Interest. c. reliance Interest. d. equitable Interest.

Business

SQL Server supports three types of indexes: clustered, unclustered, and random

Indicate whether the statement is true or false

Business