Project Test Bank Is Composed of Activities We Will Refer

question 72

Multiple Choice

Project Test Bank is composed of activities we will refer to as A,B,C,and D for convenience (and lack of creativity) .Durations and precedence requirements are shown in the table.Each of these activities can be conveniently laddered into two sub-activities of equal duration.The first half of each activity serves as the predecessor to its second half and the first half of the original following activity.What is the expected completion time of the laddered project? $$\begin{array} { | l | l | l | } \hline \text { Activity } & \text { Length } & \text { Predecessor } \\\hline \text { A } & 10 & -- \\\hline B & 18 & \text { A } \\\hline \mathrm { C } & 14 & \text { A } \\\hline \mathrm { D } & 20 & \text { B, C } \\\hline\end{array}$$

• A)34
• B)38
• C)42
• D)48

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Definitions:

Adjusting Entry

An adjusting entry is a journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the correct period.

Services Performed

The provision of work or assistance by a business or individual to another party, often measured in terms of time or deliverables completed.

Revenue Recognition Principle

An accounting principle that dictates the specific conditions under which revenue is recognized or accounted for.

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Officially identified or acknowledged, typically referring to the formal acceptance of financial transactions within accounting records.