October 2010 . The billings would be reflected in 2 ( 11 ) presentation in October 2010 . ii . Apple Computer , Inc . ( a public company ) records a $62 . 1 million liability ( amount to be paid in the future ) for patent infringement* associated with the development of the iPhone , which is expected to be paid in 2012 . The liability would be reflected in* a ( 1 )_ _presentation in 2011 . 15 . 12 points ) If you are trying to determine the cost of the third grade classes in an elementary school district , the principal's salary is : a . direct and fixed b . indirect and fixed . direct and variable* d. indirect and variable* 16 . ( 1 point ) What does the acronym "GAAP " stand for