Answer:
Option A When a company provides a service
Explanation:
According to accrual concept the revenue must be recognized when they are earned this means the share of consideration is delivered to the party to contract. The consideration here is provision of services here. So the option A is correct here.
Answer:
[D] The offer of paying the salary for the services of an analyst from the research department.
Explanation:
Soft dollars, also known as brokerage, include any dollars retained on a trade to be used for services for the client's benefit. When brokerage firms pay for research services through commission revenue rather than a direct payment, this arrangement is termed soft dollar payments. The above example shows direct payment of an analyst from the research department rather than through commission revenue.
Answer:
B. overstate the predetermined overhead rate.
Explanation:
As we know
The Predetermined overhead rate would be equal to
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours or machine hours)
In the given question, the direct labor cost is used for computing the predetermined overhead rate which is already wrong.
To find out the predetermined overhead rate, we always use the indirect cost instead of direct cost
This error could overstate the predetermined overhead rate as it would increase the indirect labor due to which overhead is also increased. So, automatically the rate would also be increased.
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Q: The last step in planning an OO application is to ____________________________________________.
A: The last step in planning an OO application is to identify the tasks the application needs to perform.
Answer:
This is an example of impound.
Explanation:
Impound is an account maintained by mortgage companies. It collects payments such as property taxes, hazard insurance, private mortgage insurance, etc. These payments though are not included in mortgage are necessary for keeping home.
In the most simplest way it can be defined as an account used to hold to make payments for property taxes and insurance.