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NEW QUESTION: 1
Under accrual accounting, which of the following is/are Incorrect?
I. Revenues are recognized when cash is received.
II. The reported income is a good indicator of the firm's current performance.
III. Expenses do not always involve cash flows.
IV. Revenues and the related costs are matched in the same period.
A. I only
B. III only
C. II & III
D. All of these answers are correct
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Under accrual accounting, revenues are recognized when the earnings process behind the revenues is complete and expenses are recognized in the period the goods and services are used for generating income. Therefore, revenues and expenses do not always involve actual cash flows, though revenues and costs that are related do get matched in the same period whenever such an identification is possible.
NEW QUESTION: 2
Which statement should you use to remove a foreign key?
A. DELETE FOREIGN KEY
B. ALTER TABLE
C. DELETE TABLE
D. ALTER FOREIGN KEY
Answer: B
NEW QUESTION: 3
You want to disable the network device eth0. Which command can you use?
A. ifconfig halt eth0
B. ip param set eth0 halt
C. ip link set eth0 down
D. ipconfig eth0 halt
Answer: C
NEW QUESTION: 4
A. Option D
B. Option C
C. Option B
D. Option A
Answer: A,C
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