Long Year Service Quotes & Sayings

Mr. Steinmeier's meeting with Mr. Kerry, expected to take place Sunday in Vienna on the sidelines of nuclear talks with Iran, would be the highest-level face-to-face meeting between the U.S. and Germany since a year-long controversy over U.S. intelligence activities in Germany erupted anew last week. Authorities have launched investigations of a Federal Intelligence Service worker and a Defense Ministry official both suspected of passing secrets to the U.S. — Anonymous

that is subject to accelerated revenue recognition as a result of aggressive management estimates is one that has "multiple deliverables." In this type of arrangement, the seller provides several distinct, but intermingled deliverables over an extended period of time. For example, wireless telecom companies often package mobile phone service and a cell phone handset together in the same contract. Sometimes the handset is sold to the customer at a greatly discounted price (or even given away for free), as long as the customer also agrees to a two-year service contract. Accounting rules require the seller to allocate a portion of the total contract value to the handset (to be recognized as revenue up front) and a portion to the service contract (to be recognized over the life of the contract). The seller uses assumptions in estimating how to split the revenue between the two deliverables. By changing these assumptions or — Howard M. Schilit

In those days, reserve duty lasted for six years, which, I might add, was three times as long as service in the regular army, although to be perfectly honest, I was unable to fulfill my entire obligation because I was taking acting classes and they said I could skip my last year. — Larry David