Oracle 1Z1-947 Q&A - in .pdf

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  • Exam Code: 1Z1-947
  • Exam Name: Oracle GoldenGate 19c Implementation Professional
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  • Exam Code: 1Z1-947
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NEW QUESTION: 1
Which condition must be true before you can close a case?
A. The case must NOT be marked as high priority.
B. All activities that are related to the case must be in a closed state.
C. All activity parties for activities that are related to the case must be active customers.
D. All knowledge base articles that the case references must be active.
Answer: B

NEW QUESTION: 2
Which example of a single Boolean attribute text uses a conjunction (and) correctly?
A. the person drank the coffee and the person ate the cake
B. the person satisfied both eligibility criteria
C. the person satisfied either eligibility criteria
D. the person's favorite color combination is blue and yellow
E. the person is hot and the person is in the sun
Answer: A

NEW QUESTION: 3
The publisher of a popular magazine offers a special discounted price for a 3-year subscription. At the balance sheet date, the amount that has already been collected but pertains to future periods is best referred to as:
A. Earned subscriptions revenuea revenue account
B. Precollected subscriptions receivable a deferred asset account
C. Deferred subscriptions revenuea liability account
D. Accrued subscriptions revenuean asset account
Answer: C
Explanation:
Income, which includes revenue and gains, is recognized in the income statement when an increase in future economic benefits related to an increase in an asset or a decrease in a liability can be reliably measured. Revenue is recognized reported as revenue) in the period in which the recognition criteria are met: therefore, when it is received in advance, the amount applicable to future periods is deferred. This deferral reflects the uncertainty of the reliable measurement of the future economic benefits. The uncertainty arises because the entity still must satisfy an obligation to perform in the future before it is entitled to the future economic benefits. The amount received in advance is considered a liability because it represents a present obligation arising from a past event.
Accordingly, deferred or unearned revenue is an amount that has been received but that has not met the recognition criteria for revenue.

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