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NEW QUESTION: 1
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with Quo's president and outside accountants, made changes in accounting policies, corrected several errors dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these transactions as: a change in accounting principle, a change in accounting estimate, a correction of an error in previously presented financial statements, or neither an accounting change nor an accounting error.
Item to Be Answered
Quo sells extended service contracts on its products. Because related services are performed over several years, in 1993 Quo changed from the cash method to the accrual method of recognizing income from these service contracts.
List A (Select one)
A. Correction of an error in previously presented financial statements.
B. Change in accounting estimate.
C. Change in accounting principal.
D. Neither an accounting change nor an accounting error.
NEW QUESTION: 2
You have a database named DB1.
Users report that queries that use a specific table take a long time to complete. You suspect an issue with how often checkpoints are issued.
You need to create an Extended Events session to monitor the database checkpoint activity on DB1.
Which settings should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.