Discuss how to model time dependent data
What will be an ideal response?
Time dependent data can be modeled using a time stamp. This can be used to maintain a history of the changes over time. Often times, the way that relational databases deal with time dependent data is not adequate and organizations ignore the issue or use simplified methods such as time stamps.
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For Held-to-Maturity investments in debt securities, the investor company is required to disclose both the aggregate fair value of the investment and also the change in the net unrealized holding gains or loss to be included in the income statement
Indicate whether the statement is true or false
The concern of responsibility accounting is limited to nonmonetary information
Indicate whether the statement is true or false
When company is labor-intensive, the cost driver that is probably least significant would be
a. direct labor hours. b. direct labor dollars. c. cost of materials used. d. machine hours.
If Wal-Mart stock increases in value during the tax year by $6,000, the amount realized is a positive $6,000.
Answer the following statement true (T) or false (F)