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Oracle 1z0-1042-24

Oracle Cloud Infrastructure 2024 Application Integration Professional

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NEW QUESTION: 1
In December Year 1 catalogs were printed for use in a special promotion in January Year
2. The catalogs were delivered by the printer on December 13. Year 1 with an invoice for
US $70,000 attached. Payment was made in January Year 2. The US $70.000 should be reported as a deferred cost at the December 31. Year I. balance sheet date because of the:
A. Cost principle
B. Reliability principle.
C. Matching principle.
D. Revenue recognition principle.
Answer: C
Explanation:
Matching is the simultaneous or combined recognition of revenues and expenses resulting directly and jointly from the same transactions or other events. Expenses should be associated with the revenues that they help to create. Because the catalogs are still on hand at the balance sheet date, they will not contribute to an inflow of economic benefits until the next period. Hence, the cost should be deferred and matched with the revenues of the following period.

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NEW QUESTION: 3
You have to enable the Report Builder Upgrade first to use Scatter Charts.
A. False
B. True
Answer: B

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    Oracle 1z0-1042-24 (Oracle Cloud Infrastructure 2024 Application Integration Professional)

    Questions and Answers : 347
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    File Format : PDF
    Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
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    Oracle 1z0-1042-24 (Oracle Cloud Infrastructure 2024 Application Integration Professional)

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    Q&A Update On : January 3, 2019
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    Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
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