What is the “Fiscal Accountability Act” of 2011?
What will be an ideal response?
In the state of Michigan, this act authorized the governor to appoint an emergency manager if he deems that a fiscal emergency is imminent. The broad powers delegated to the appointee to address the financial emergency, may include modifications to the collective bargaining contract.
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What is the typical range for the assessment of the risk of material misstatement?
a. 0% - 100% b. 0% - 10% c. 0% - 5% d. 1% - 100%
Period costs include distribution costs outside processing costs sales commissions
a. yes no yes b. no yes yes c. no no no d. yes yes yes
When an accounts payable account is paid in cash, the owner's equity in the business decreases
Indicate whether the statement is true or false
Which Excel feature is an optimization technique that can maximize or minimize a quantity given a set of limitations or constraints?
A) Optimizer B) Goal Seek C) Analysis Tool-Pak D) Algorithm Builder E) Solver