Under the percentage-of-completion method, when a company records a receivable from a sale, it must subtract the balance from this account from Construction in Process to avoid double-counting inventory.

(a) principal-agent relationship
(b) initial franchise fee
(c) Billings account
(d) performance obligation

Ans: (c) Billings account

Business

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Answer the following statement(s) true (T) or false (F)

1. HR managers can be held personally liable for some of their actions that they take as part of their job 2. PHR and SPHR are examples of certificaitons in the HR field 3. Cultural diversity within organizations have just about peaked, and will change very little over the enxt few decades 4. Turnover, whether voluntary or involuntary, costs the organization money, and therefore the organization should generally attempt to minimize turnover. 5. Employee engagement is a combination of both job satisfaction and a willingness to perform for the organization at a high level over an extended period of time.

Business

Equity theory is a model of motivation that explains how people strive for fairness.

a. true b. false

Business