The risk that a customer will be unable to pay the amount of consideration in accordance with the contract.

(a) revenue recognition principle
(b) contract liability
(c) collectibility
(d) transaction price

Ans: (c) collectibility

Business

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If a foreign company is taken over by the host country government, and some form of compensation is paid, "confiscation" has occurred

Indicate whether the statement is true or false

Business

Which of the following does NOT pertain to how e-mail has affected employee communication?

A) E-mail enables managers to deliver concerns quickly with less effort. B) E-mail enables managers to deliver praise quickly with less effort. C) E-mail interferes with workflow. D) E-mail tends to facilitate more honest and immediate feedback than other approaches.

Business