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Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
A. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
B. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
C. 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.
D. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
E. You value the accrual at estimated consideration and it is a monetary debt.
Answer: C

NEW QUESTION: 2
Jason is attempting to gain unauthorized access to a corporate server by running a program that enters passwords from a long list of possible passwords. This type of attack is known as a:
A. brute-force attack.
B. buffer overflow attack.
C. denial-of-service attack.
D. forced-entry attack.
Answer: A

NEW QUESTION: 3
Welches der folgenden Tools demonstriert BEST die Wirksamkeit des Informationssicherheitsprogramms?
A. Umfragen zur Managementzufriedenheit
B. Risikowärmekarte
C. Key Risk Indicators (KRls)
D. Eine Balanced Scorecard für Sicherheit
Answer: C