Tuition revenue for summer classes spanning two fiscal periods must be recorded in the period when the drop date passes and refunds are no longer an option.
Answer the following statement true (T) or false (F)
False
Because accrual accounting is used, the tuition revenue is split between the two periods that summer school covered.
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A minority active investment is accounted for by the:
A. lower of cost or market method. B. equity method. C. speculative investment method. D. cost method.
Ranbor Mobiles is planning to launch a new smart phone. The company wants to create awareness and hype about the product in the target market
It releases an ad featuring a popular youth icon and highlights the phone's special features on a popular video sharing Web site. Within an hour of its release, the ad was viewed a million times. Is Ranbor using a viral marketing strategy or a shill marketing strategy? Explain your answer.
The Oil Pollution Act authorizes the U.S. government to clean up oil spills and spills of other hazardous substances in ocean waters within 12 miles of the shore
Indicate whether the statement is true or false
Which of the following is NOT one of the factors to contribute to a successful spend analysis?
a. company-wide spending visibility b. enterprise-wide data classification schemes c. capability to audit, detect, and correct inaccurate data d. unavailability of accurate, timely, and detailed expenditure data