Which of the following accounts would not appear on the balance sheet of a lessee company recording a capital lease?
a. Accumulated depreciation on the leased asset
b. Lease obligation in the current liability section
c. Lease obligation in the long-term liability section
d. Rent expense on the income statement
d
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Which of the following is NOT acceptable in estimating uncollectible accounts receivable under GAAP?
a. The estimate of uncollectible accounts is based on a percentage of sales for the period. b. The estimate of uncollectible accounts is based on a percentage of the accounts receivable balance at the end of a period. c. The estimate of uncollectible accounts is based on an aging schedule. d. No estimate of uncollectible accounts is made; accounts are written off when it is determined they cannot be collected.
A ____ stores configuration records throughout their lifecycle.
A. knowledge management system B. configuration management system C. configuration management database D. knowledge database
Which of the following are the most frequently used methods of communicating standard operating procedures and other instructions to employees?
a. Memos and email messages b. Face-to-face meetings and phone conversations c. Phone conversations and instant messaging d. Reports and letters
If a bank pays on a check even though it has a "stop payment order," it is liable to the customer only if the customer can prove a loss because of the payment
Indicate whether the statement is true or false