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NEW QUESTION: 1
On February 1, Year 1, a computer software firm agrees to program a software package.
Twelve payments of US $1 0.000 on the first of each month are to be made, with the first payment March 1, Year 1. The software is accepted by the client June 1, Year 2. How much Year 1 revenue should be recognized?
A. US $100.000
B. US $0
C. US $120.000
D. US $110.01,0
Answer: B
Explanation:
Recognition of an element of financial statements income, which includes revenue and gains) requires that two criteria be met. It must be probable that any future economic benefit associated with the item will flow to or from the entity, and the cost or value of the item must be measurable with reliability. The usual procedures for income recognition. e.g., that income be earned, reflect these criteria. Thus, income is recognized when an increase in future economic benefits is associated with an increase in an asset or a decrease in a liability. However, the entity has not substantially completed what it must do to be entitled to the benefits represented by the advance payment, and the receipt of future economic benefits is not sufficiently certain to merit income recognition.
Accordingly, a liability should be recognized because the entity has a current obligation arising from a past event that will require an outflow of economic benefits, that is, to deliver the software or to refund the customer's money. Thus, a liability for US $100,000 and revenue of US $0 should be recognized for Year I NOTE: This analysis assumes that the sale of the software is a sale either of goods or of services for which the appropriate conditions have not been met. Under IRS 18, Revenue Recognition, revenue is recognized for a sale of goods when the entity has transferred the significant risks and rewards of ownership, the entity has neither continuing managerial involvement to a extent associated with ownership nor effective control over the goods, the amount can be reliably measured, it is probable that the economic benefits will flow to the entity, and transaction costs can be reliably measured. For a sale of services, revenue is recognized when revenue can be reliably measured, it is probable that the economic benefits will flow to the entity, the stage of completion can be reliably measured, and the costs incurred and the costs to complete can be reliably measured.

NEW QUESTION: 2
What is the name of the software tool used to crack a single account on Netware Servers using a dictionary attack?
A. NovCrack
B. NPWCrack
C. GetCrack
D. CrackNov
E. NWPCrack
Answer: E
Explanation:
NWPCrack is the software tool used to crack single accounts on Netware servers.

NEW QUESTION: 3
You administer a Microsoft SQL Server 2014 instance that contains a financial database hosted on a storage area network (SAN).
The financial database has the following characteristics:
The database is continually modified by users during business hours from Monday through Friday between 09:00 hours and 17:00 hours. Five percent of the existing data is modified each day.
The Finance department loads large CSV files into a number of tables each business day at 11:15 hours and 15:15 hours by using the BCP or BULK INSERT commands. Each data load adds 3 GB of data to the database.
These data load operations must occur in the minimum amount of time.
A full database backup is performed every Sunday at 10:00 hours. Backup operations will be performed every two hours (11:00, 13:00, 15:00, and 17:00) during business hours.
You need to ensure that the backup size is as small as possible.
Which backup should you perform every two hours?
A. BULK_LOGGED
B. SKIP
C. Transaction log
D. CONTINUE AFTER ERROR
E. COPY_ONLY
F. DBO ONLY
G. NORECOVERY
H. SIMPLE
I. NO_CHECKSUM
J. STANDBY
K. Differential
L. FULL
M. CHECKSUM
N. RESTART
Answer: C
Explanation:
Minimally, you must have created at least one full backup before you can create any log backups. After that, the transaction log can be backed up at any time unless the log is already being backed up.
References: https://docs.microsoft.com/en-us/sql/relational-databases/backup- restore/transaction-log-backups-sql-server


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