Under the cost-recovery method, a company recognizes no revenue or profit until cash payments by the buyer exceed the cost of the merchandise sold.

The OASDI program faces a long-range actuarial deficit.

a. true b. false

Ownership of an undivided interest in land with no right of survivorship is found in:

A. Tenants in Common B. Joint Tenants C. Fee Simple Defeasible D. Severalty