Companies can use the expected value to estimate variable consideration when:
a. the contract has only two possible outcomes.
b. a company has a small number of contracts with similar characteristics.
c. a company can use the most likely amount in a range of possible outcomes.
d. a company has a large number of contracts with similar characteristics.
Answer: d. a company has a large number of contracts with similar characteristics.
Business
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The fact that the first toss of a coin has no effect on the outcome of the second toss of the coin suggests that these events are ________
Fill in the blank with correct word.
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What is the name of the international organization that fosters monetary and financial cooperation and serves as a bank for central banks?
A) WTO B) EU C) World Bank D) Bank for International Settlements
Business