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NEW QUESTION: 1
An invoice for $100 has revenue deferred due to unmet payment based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 has been issued against this Invoice. Explain how revenue accounting will occur.
A. Earned revenue will be credited for $50.
B. Earned revenue will be debited for $50.
C. Unearned revenue will be credited for $100.
D. Unearned revenue will be debited for $50.
Answer: D
Explanation:
If you issue a credit memo against an invoice that had revenue automatically deferred upon import, then the impact of the credit memo differs depending on the original reason for the revenue deferral.
Payment-based contingencies: If revenue on this invoice was deferred due to unmet payment-based contingencies, then Receivables always debits the unearned revenue account for the full amount of the credit memo, according to the initially assigned revenue scheduling rules.
Reference: Modifying Invoices with Deferred Revenue: Explained
NEW QUESTION: 2
Which of the following is a type of web application vulnerability where malicious scripts are injected into legitimate and trusted websites?
A. Buffer overflow
B. Cross-site scripting (XSS)
C. SQL injection
D. Cross-site injection (XSI)
Answer: B
NEW QUESTION: 3
When are zoning changes made in EMC VisualSAN 4.0 saved on a DS-16B2 switch?
A. Immediately
B. At next 30 minute information refresh
C. When they are committed
D. When they are refreshed
Answer: C