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NEW QUESTION: 1
Which of the following entities would be required to register with the state as a broker-dealer under the
guidelines of the Uniform Securities Act (USA)?
A. an underwriter with no offices in the state that is helping a firm that is incorporated within the state with
the sale of its new bond issue to insurance companies
B. None of the above entities would be required to register with the state as a broker-dealer under the
guidelines of the Uniform Securities Act.
C. a credit union that operates within the state and provides loans to its members
D. an agent who executes the purchase and sale of stocks and bonds for his clients
Answer: B
Explanation:
Under the guidelines of the USA, none of the entities described in Selections A, B, or C
would be required to register with the state as a broker-dealer since the term, as defined by the USA,
does not include agents, savings institutions, or entities with no offices in the state who deal exclusively
with issuers and/or other broker-dealers, financial institutions, insurance companies, pension funds, or
insurance companies. Selections B and C refer to a financial institution and an agent, respectively. In the
scenario described in Selection A, the underwriter has no offices in the state and is dealing exclusively
with the issuer of the bonds and insurance companies.

NEW QUESTION: 2
ABC operates a catering service that specializes in business luncheons for large corporations. ABC requires customers to place their orders 2 weeks in advance of the scheduled events. ABC bills its customers on the tenth day of the month following the date of service and requires that payment be made within 30 days of the billing date.
Conceptually, ABC should recognize revenue from its catering services at the date when a:
A. Customer places an order.
B. Luncheon is served.
C. Customer's payment is received.
D. Billing is mailed.
Answer: B
Explanation:
Income, which includes revenue and gains, should not be recognized until an increase in future economic benefits related to an increase in an asset or a decrease in a liability is sufficiently certain and can be measured reliably. The most common time at which these two conditions are met is when the product or merchandise is delivered or services are rendered to customers. Thus, the entity has substantially accomplished what it must do to be entitled to future economic benefits when it serves the luncheon. It should then accrue a receivable and revenue.

NEW QUESTION: 3
What format does SAP Ariba recommend for supplier user IDs?
Please choose the correct answer.
Response:
A. <first name>.<last name>
B. <company name>-<unique number>
C. <first initial><last name>
D. <email address>
Answer: B

NEW QUESTION: 4

A. Option C
B. Option A
C. Option B
D. Option D
Answer: D
Explanation: