Both Jorge and Jocelyn Are Applying for Two Residencies After

question 7

Multiple Choice

Both Jorge and Jocelyn are applying for two residencies after medical school: orthopedic surgery (a traditionally male-dominated residency) and pediatrics (a traditionally female-dominated residency) . If Jorge and Jocelyn have similar academic records, it is likely that

• A) Jorge will get more interviews for both types of residencies.
• B) Jocelyn will get more interviews for both types of residencies.
• C) Jorge will get more orthopedic surgery interviews and Jocelyn will get more pediatric interviews.
• D) Jocelyn will get more orthopedic surgery interviews and Jorge will get more pediatric interviews.

Describe the treatment of costs associated with revenue generation, including those in franchise arrangements.

Recognize the criteria for revenue recognition when right of return exists or when sales are subject to significant future uncertainties.

Understand the differences and overlap between GAAP and International Financial Reporting Standards (IFRS) in terms of revenue recognition and measurement.

Explain the concept and implications of managing earnings, including practices such as "cookie jar reserves" and "big bath" charges.