Which of the following misstatements is not related to the completeness assertion for revenue?
A. This year's revenue is recorded next year.
B. Next year's revenue is recorded this year.
C. Revenue is not recognized for services that have been performed.
D. Goods are shipped, but revenue is not recorded.
Answer: B
You might also like to view...
Which of the following will help to ensure effective communication when sending a text?
A) Trust autocorrect to find and fix misspelled words B) Use common abbreviations C) Respond within three minutes or less D) Do not text long or complicated responses E) Start with a salutation
Which method of quantifying a solution involves calculating savings as a percentage of the original investment?
A) SWOT analysis B) cost-benefit analysis C) value-savings calculation D) return on investment E) customer lifetime benefit
What was the first U.S State to offer parental leave? What were the program benefits?
What will be an ideal response?
Angela, who is in charge of hiring new designers, prefers to give interviews that are freewheeling exchanges that may shift from subject to subject, depending on the person she is interviewing. This type of interview is a(n):
a. stress interview. b. unstructured interview. c. virtual interview. d. structured interview.