Why is it important to make sure you have identified all the requirements?
What will be an ideal response?
You must know all the requirements for the database to fulfill its purpose. If any requirements are missing the database will not be able to perform its function. It may in fact be unusable.
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There are three major types of business activities. ________ activities involve the acquisition and disposal of resources that an organization uses to acquire and sell its products or services.
Fill in the blank(s) with the appropriate word(s).
A firm sells its headquarters building at a gain. This means that at the time of sale
a. the cash or other assets received were greater than the building's book value. b. the cash or assets received in a transaction were less than the carrying value of the assets given up. c. the cash or other assets received were greater than the building' carrying value. d. the cash or assets received in a transaction were less than the building's book value. e. both choices a and c are correct.
To assist the client the legal assistant prepared questions to be used during the deposition
What will be an ideal response?
What was the main argument of FASB Interpretation 3?
a. ERISA did not create a pension liability except in the likelihood of plan termination. b. The cost of providing pension benefits should be spread over the remaining service life of employees. c. Pension expense should be computed using any one of five acceptable accumulated benefit methods, regardless of cash contributions. d. The balance sheet should report unfunded vested benefits.