The chief financial officer (cfo) of an engineering corporation, who is a p. e., noted that one of their projects was extremely over-budget. the cfo, in a memo to the project manager, stated that "necessary steps be taken to complete the project in a timely manner and bring it back within budgetary limitations." as a result of the memo
a. the corporation assumed "responsible charge" for the projects.
b. the cfo became the engineer "responsible charge".
c. there was no charge in the person in "responsible charge".
d. responsible charge was shared equally by the cfo and project manager.

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.

Hillside issues $4,000,000 of 6%, 15-year bonds dated january 1, 2016, that pay interest semiannually on june 30 and december 31. the bonds are issued at a price of $4,895,980. required: 1. prepare the january 1, 2016, journal entry to record the bonds’ issuance

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone