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NEW QUESTION: 1
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
A. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
B. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
C. You value the accrual at estimated consideration and it is a monetary debt.
D. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
E. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
Answer: A

NEW QUESTION: 2
To which of the following logistic processes can a formula version be assigned? (Each correct answer is a complete solution. Choose two).
A. route consumption
B. master planning
C. manufacturing
D. transfer orders
Answer: B,C