Recording Revenue in 2012 That Is Actually Earned in 2013

question 104

Multiple Choice

Recording revenue in 2012 that is actually earned in 2013 will result in:

• A)overstatement of net income in 2012
• B)overstatement of net income in 2013
• C)understatement of net income in 2013
• D)an overstatement of net income in 2012 and an understatement in net income in 2013
• E)an overstatement of net income in 2013 and an understatement in net income in 2012

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Definitions:

Private-Key Encryption

A type of encryption where only the two parties involved in sending the message have the code.

VoIP

Voice over Internet Protocol, a technology that allows voice to be sent over the Internet using packet-switched networks instead of traditional circuit-switched telephony systems.

Static Addressing

A way of assigning Internet protocol addresses where the address for a computer never changes and is most likely assigned manually by a network administrator or an Internet service provider.

MIME

Multipurpose Internet Mail Extensions, a standard that extends email to support text in character sets other than ASCII, as well as attachments of audio, video, images, and application programs.