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NEW QUESTION: 1
A. Option D
B. Option A
C. Option B
D. Option E
E. Option C
Answer: A,C,E
NEW QUESTION: 2
You plan to upgrade from R65 to R71 Software Blades. Do you need new licenses and license strings for this scenario?
A. Yes, you need to buy/convert licenses in the User Center first, and then reapply licenses to upgraded systems with the new Software Blades licenses.
B. Yes, the upgrade will do an automatic conversion in the User Center, but you will need to reattach the new licenses.
C. No, the upgrade will convert all licenses to R71.
D. No, the upgrade will preserve licenses.
Answer: A
NEW QUESTION: 3
Topaz Metals Inc. produces precious metals from its mining operations. The selling price for its product is reasonably assured, the units are interchangeable, and the costs of selling and distributing the product are insignificant. In order for Topaz to recognize revenue as early in the revenue cycle as is permitted under generally accepted accounting principles, the revenue recognition method that Topaz should use is the
________.
A. completed-contract method
B. percentage-of-completion method
C. cash method
D. production method
E. cost recovery method
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Revenue is recognized when the conditions of "realized" or "realizable" and earned are met. If products are readily realizable because they are salable at reliably determinable prices without significant effort, revenues may be recognized at completion of production.