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NEW QUESTION: 1
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
A. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
B. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
C. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
D. You value the accrual at estimated consideration and it is a monetary debt.
E. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
Answer: B

NEW QUESTION: 2
DRAG DROP

Answer:
Explanation:

NEW QUESTION: 3
An administrator just installed a new RAID controller card into a server. The firmware is current for the controller card. When the server is powered up the administrator notices that the RAID controller card is not recognized during POST. Which of the following is the cause of the problem?
A. The controller driver is outdated and needs to be updated from the OEMs website.
B. The firmware for the server is too old and does not support the new RAID controller card.
C. The hard drives were not plugged into the server correctly.
D. The cable from the controller to the hard drive backplane is not connected.
Answer: B