Accrued revenue represents the receipt of cash before the revenue has been earned

Which statements regarding oil and gas limited partnerships are TRUE?

I. Developmental programs are more risky than exploratory programs. II. Exploratory programs are more risky than developmental programs. III. Successful developmental programs provide higher returns than exploratory programs. IV. Successful exploratory programs provide higher returns than developmental programs. A) I and IV. B) I and III. C) II and IV. D) II and III.

What was the outcome of the case in the text where Taco Bell Corporation was sued to recover

damages for breach of contract? A) The court ruled that Wrench LLC, Rinks, and Shields conferred a benefit on Taco Bell Corporation who retained the benefit and thus created a quasi-contract. B) The court found that an implied-in-fact contract existed and awarded damages to plaintiffs Wrench LLC, Rinks, and Shields. C) The court of appeals found that the plaintiffs had stated a proper cause of action against Taco Bell Corporation for breach of contract, reversed the judgment of the district court, and remanded the case for trial. D) The court of appeals upheld the district court ruling that granted summary judgment in favor of Taco Bell Corporation.