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NEW QUESTION 54
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

A. your invoiced goods and services less those goods and services that you have not yet deliveredB. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once deliveredC. your debt to customers for goods and services you are obliged to deliver to them by either party actingD. Unearned Revenue

Answer: C

 

NEW QUESTION 55
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

A. Receivables configurationsB. SuppliersC. Banks, branches and bank accountsD. CustomersE. Business UnitsF. Inventory items

Answer: D,E,F

 

NEW QUESTION 56
Which, when transferred to a customer, allows you to recognize revenue?

A. promise detailB. a performance obligationC. a shipmentD. an invoice

Answer: B

 

NEW QUESTION 57
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