One-to-many and many-to-many relationships are both represented by foreign keys in a relational database
a. True
b. False
Indicate whether the statement is true or false
True
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Risks and benefits of ownership transfer to the lessor with a capital lease
Indicate whether the statement is true or false
Under international accounting standards regarding depreciation, an entity
a. must depreciate separately the components of a composite asset (e.g., land and building) separately. b. is not allowed to depreciate the components of a composite asset (e.g., land and building) separately. c. may depreciate separately the components of a composite asset (e.g., land and building) d. must use fair value accounting for property, plant, and equipment, thus eliminating the need for depreciation.
The material price variance (computed at point of purchase) is
a. the difference between the actual cost of material purchased and the standard cost of material purchased. b. the difference between the actual cost of material purchased and the standard cost of material used. c. primarily the responsibility of the production manager. d. both a and c.
A business with several employees on the payroll should maintain as a feature of good cash control a special:
a. payroll checking account. b. employee savings account. c. account for all special deposits. d. employee loan program. e. none of the above.