Questions and Answers: 166
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NEW QUESTION: 1
To comply with the matching principle, the cost of labor services of an employee who participates in the manufacturing of a product normally should be charged to the income statement in the period in which the:
A. Product is sold.
B. Work is performed.
C. Product is completed.
D. Employee is paid.
Answer: A
Explanation:
Recognition of expenses occurs concurrently with recognition of increases in liabilities or decreases in assets. Expenses are recognized if the costs are directly associated with the earning of particular income items. This process is often called matching is simultaneous or combined recognition of the revenues and that result directly and jointly from the same transactions or other events. This direct relationship is exemplified by the sale of a product. This transaction results in revenue sales revenue) for receipt of cash or a receivable, the recognition of an expense cost of sales) for the sacrifice of the product to a customer, and a decrease in inventory. The direct labor cost of manufacturing the product is absorbed by the finished goods inventory and is not recognized until sale.
NEW QUESTION: 2
You are developing an ASP.NET MVC application. The application is an order processing system that uses
the ADO.NET Entity Framework against a SQL Server database. It has a controller that loads a page that
displays all orders along with customer information. Lazy loading has been disabled.
The Order class is shown below.
You need to return the orders and customer information in a single round trip to the database.
Which code segment should you use?
A. Option C
B. Option D
C. Option A
D. Option B
Answer: C
NEW QUESTION: 3
Which of the following about the process of queuing self-generated traffic in the Nokia 7750 SR is TRUE?
A. Ingress traffic is stored in IOM queues and egress traffic is stored in CPM queues.
B. It is always stored in CPM queues.
C. Ingress traffic is stored in CPM queues and egress traffic is stored in IOM queues.
D. It is always stored in IOM queues.
Answer: C