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NEW QUESTION: 1
A company generates revenue at period end, but bills monthly in arrears. The first project revenue is due to be recognized at the end of May and the first invoice sent to the customer in June. What are the accounting entries at the end of May?
A. Debit: RevenueCredit: Accounts PayableLiability Account
B. Debit: UnbilledReceivablesCredit: Revenue
C. Debit: BankCredit: Revenue
D. Debit: Cost of Goods SoldCredit: Unbilled Receivables
E. Debit: Unearned RevenueCredit: Revenue
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Revenue
Once revenue is created, Oracle Projects runs AutoAccounting to determine the appropriate default accounts. AutoAccounting selects all of the AutoAccounting parameters for each item or event, determines the account coding, validates the account coding against the general ledger, and updates each revenue distribution line with the appropriate default account.
Account Debit Credit
Unbilled Receivables and/or Unearned Revenue200.00
Revenue200.00

NEW QUESTION: 2
A Machine Learning Specialist is using an Amazon SageMaker notebook instance in a private subnet of a corporate VPC. The ML Specialist has important data stored on the Amazon SageMaker notebook instance's Amazon EBS volume, and needs to take a snapshot of that EBS volume. However the ML Specialist cannot find the Amazon SageMaker notebook instance's EBS volume or Amazon EC2 instance within the VPC.
Why is the ML Specialist not seeing the instance visible in the VPC?
A. Amazon SageMaker notebook instances are based on EC2 instances running within AWS service accounts.
B. Amazon SageMaker notebook instances are based on the EC2 instances within the customer account but they run outside of VPCs.
C. Amazon SageMaker notebook instances are based on AWS ECS instances running within AWS service accounts.
D. Amazon SageMaker notebook instances are based on the Amazon ECS service within customer accounts.
Answer: B

NEW QUESTION: 3
What are two major encoding schemes? (Choose two.)
A. Linux
B. EBCDIC
C. Unicode
D. UNIX
E. CCSID
Answer: B,C
Explanation:
References: