The University of Vancouver Offers Summer Courses from May to August.Students

question 69

Multiple Choice

The University of Vancouver offers summer courses from May to August.Students must register and pay in March for the summer courses they will take.The university has a March 31st fiscal year-end and does not recognize the revenue from the summer courses until the new fiscal year.Which revenue recognition criterion prevents them from recognizing the revenue in March?

• A)The collectability of the amount is uncertain.
• B)The amount of revenue cannot be reasonably measured.
• C)The costs required to earn the revenue cannot be reasonably measured.
• D)The university has not done most or all of what it has to do in order to earn the revenue.

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Definitions:

Ethernet Cable

A type of network cable used for wired networks to connect devices such as computers and routers.

802.11n

802.11n is a Wi-Fi standard that allows for wireless communication with improved speed and range over its predecessors, supporting multiple wireless signals and channels.

802.11ac

A wireless networking standard in the 802.11 family that allows for high-speed internet connections over the 5 GHz band.

Fiber-Optic

A technology related to the transmission of information as light impulses along a glass or plastic wire or fiber.