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NEW QUESTION: 1
A building contractor has a fixed-price contract to construct a large building. It is estimated that the building will take 2 years to complete. Progress billings will be sent to the customer at quarterly intervals. Which of the following describes the preferable point for revenue recognition for this contract if the outcome of the contract can be estimated reliably?
A. As progress is made toward completion of the contract.
B. After the contract is signed.
C. When the contract is completed.
D. As cash is received.
Answer: A
Explanation:
Under the percentage-of-completion method, revenues and expenses are recognize based on the stage of completion at the balance sheet date if the outcome of the contract can be estimated reliably. For a fixed-price contract, the outcome can be estimated reliably if total revenue can be measured reliably.2) it is probable that the economic benefits of the contract will flow to the enterprise.3) contract costs to complete and stage of completion can be measured reliably, and4) contract costs can be clearly identified and measured reliably so that actual and estimated costs can be compared.

NEW QUESTION: 2
You have a Microsoft Azure SQL Database instance. The database contains a table named Table1 that has one million rows and a column named Column1. Column1 allows null values.
You need to update Column1 to meet the following requirements:
Prevent null values from being used
Always use a value of zero instead of a null value
Which three Transact-SQL statements should you run? Each correct answer presents part of the solution.
A. ALTER TABLE dbo.Table1
ADD CONSTRAINT
DF_Table1_Column1
DEFAULT 0 FOR Column1
B. UPDATE Table1
SET Column1 = 0
WHERE Column1 IS NULL
C. ALTER TABLE Table1
ALTER COLUMN
Column int NOT NULL
D. ALTER TABLE Table1
DROP COLUMN Column1
E. ALTER TABLE Table1
ADD COLUMN
Column1 int NOT NULL
Answer: A,B,C

NEW QUESTION: 3

A. Option C
B. Option D
C. Option A
D. Option B
Answer: D