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NEW QUESTION: 1
When a right of return exists, an entity may recognize revenue from a sale of goods at the time of sale only if:
A. The seller retains the risks and rewards of ownership.
B. The amount of future returns can be reliably estimated.
C. The buyer resells the goods.
D. The seller believes returns will not be material.
Answer: B
Explanation:
One condition for condition of revenue from the sale of goods is the transfer of the significant risks and rewards of ownership. Retention of significant risk may occur when, for example, the buyer may rescind the purchase for a reason stipulated in the contract and the buy, is uncertain about the probability of return. However if the entity can reliably estimate future returns and recognize a liability for returns based on experience and other pertinent information, revenue may be recognized at the time of sale if the other conditions for revenue recognition are also met.
NEW QUESTION: 2
A development associate using NPSP wants to add the Check/Reference Number on a report but does not see that field in the Report Builder. What should the consultant advise?
A. Check a custom field, "Check/Reference Number" on Opportunity
B. Check a custom field, "Check/Reference Number" on Payments
C. Check if the report type includes Opportunities.
D. Check if the report type includes Payments
Answer: D
NEW QUESTION: 3
HOTSPOT
Your network contains an Active Directory domain named fabrikam.com.
You implement DirectAccess.
You need to view the properties of the DirectAccess connection.
Which connection properties should you view? To answer, select the appropriate
connection properties in the answer area.
Answer:
Explanation:
NEW QUESTION: 4
When a vSphere administrator attempts to remediate a host with Update Manager, the host is unable to enter maintenance mode.
Which condition is likely preventing the host from entering maintenance mode?
A. A virtual machine is configured with a local .vswp file.
B. A virtual machine on the host has a removable device connected.
C. A virtual machine is powered off and cannot be migrated to another host.
D. A virtual machine on the host is configured to use Fault Tolerance.
Answer: B
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KX3-003 Exam Info
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