The mainpurpose of a production report is to inform a supervisor about subordi-nates' accomplishments ontheir assigned tasks
Indicate whether the statement is true or false
TRUE
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The ability to scramble and code messages through keys that are shared only between the sender and receiver is referred to as _____.
A. encryption B. decryption C. transcription D. transmission
The flat-file approach is most often associated with so-called legacy systems
Indicate whether the statement is true or false
Duluth Co. collected a $6,000 cash advance from a customer on November 1, Year 1 for services to be provided over a six-month period beginning on that date. If the year-end adjustment is properly recorded, what will be the effect of the adjusting entry on Duluth's Year 1 financial statements?
A. Increase assets and increase revenues B. Decrease liabilities and increase revenues C. Increase assets and decrease liabilities D. No effect
A donor pledged $500,000 to a not-for-profit hospital in 2016 to conduct medical research, conditional on the hospital raising $500,000 from other donors. The other donors met the condition in 2016 The donor transferred the funds to the hospital in 2017. In which year would the revenue be recognized?
A. 2017. B. Half in 2016 and half in 2017. C. 2016. D. None of the above; the hospital would only recognize revenue when the amounts had been expended according to the donor's wishes.