All of the following are conditions for an ordinary annuity except A. interest is compounded at the end of each time penod B. periodic cash flows must be equal in amount C. the time periods between the cash flows are the same length D. the future value is equal to the present value A series of equal periodic payments that starts more than one period after the agreement begins is called A. an annuity due B. a delayed annuity C. an ordinary annuity D. a deferred annuity Under U S GAAP. when a contract meets the collectability critenon, this means A. the seller believes it is unlikely to collect the consideration in the contract B. the seller beheves it is likely to collect the consideration in the contract C. the seller believes it is 50% likely to collect the consideration in the contract D. the seller believes it is more likely than not to coliect the consideration in the contract Under US GAAP, when a contract meets the colioctabity critenon, this means: A. the setixer belioves it is unlckoly to colloct the consideration in the contract B. the seller believes it is likely to collect the consideration in the contract C. The seller believes it is 505 likely to coliect the consideration an the contract D. the sollot believes it is more likoly than not to collect the consideration in the contract The amount of consideration that an entity expects to be entilied to as a result of providing goods or services to a customer is the A. performance obligation B. expected value C. transaction ptice D. variablo consideration A. bock vilues B. net present valies C. stundalone soling procs D. Nstorical cost