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NEW QUESTION: 1
An entity that owns a new professional basketball team sells season tickets to its team's games. The season lasts from November through April with 10 games played each month. In Year 1. The entity collected US $3 million from season-ticket sales for the Year 1 - Year 2 season. Its fiscal year-end is December 31. Based on this information.
The enterprise should:
A. Report a liability for unearned income of US $2 million on its December 31, Year 1, balance sheet.
B. Report income of US $3 million on its Year 1 income statement.
C. Report income of US $1 million on its Year 2 income statement.
D. Report a liability for unearned income of US $3 million on its December 31, Year 1, balance sheet.
Answer: A
Explanation:
The collections represent a liability deferred income). The income recognition criteria are not met with respect to the season ticket collections until the receipt of future economic benefits is sufficiently certain. Such certainty exists with respect to collections related to the games played as of the balance sheet date. Accordingly, the entity should recognize US $1 million as income in Year 1 [(US $3,000,000 - 6 months) x 2 months]. The remaining US $2 million should be reported as a liability.

NEW QUESTION: 2
The client's lab culture report is negative for a suspected infection. A test that can correctly identify those who do not have a given disease is:
A. marginal finding.
B. negative culture.
C. specific.
D. sensitive.
Answer: C
Explanation:
Testing that identifies clients without a disease is said to be specific, while testing that identifies clients with a disease is said to be sensitive. Safety and Infection Control

NEW QUESTION: 3
Note: This question is part of a series of questions that use the same scenario. For your convenience, the scenario is repeated in each question. Each question presents a different goal and answer choices, but the text of the scenario is exactly the same in each question in this series.
Start of the repeated scenario
Your network contains an Active Directory domain named contoso.com. The functional level of the domain is Windows Server 2012.
The network uses an address space of 192.168.0.0/16 and contains multiple subnets.
The network is not connected to the Internet.
The domain contains three servers configured as shown in the following table.

Client computers obtain TCP/IP settings from Server3.
You add a second network adapter to Server2. You connect the new network adapter to the Internet. You install the Routing role service on Server2.
Server1 has four DNS zones configured as shown in the following table.

End of the repeated scenario
You need to configure an administrator named [email protected] as the contact person for the fabrikam.com zone.
What should you modify? To answer, select the appropriate options in the answer area.

Answer:
Explanation:

Explanation

References: https://www.microsoftpressstore.com/articles/article.aspx?p=2756482&seqNum=2

NEW QUESTION: 4


Answer:
Explanation:

Explanation