In 1979, American National Standards Institute (ANSI) chartered a new committee to develop uniform electronic data interchange (EDI) standards. This committee is called the _____
a. ASC X12 b. DISA
c. EDIFACT d. EDIINT
a
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The textbook cites the McDonald’s McAfrika sandwich as an example of a product failure to illustrate ______.
A. the importance of regular, not pita, bread in sandwiches B. the importance of naming the product appropriately C. the lack of sensitivity by including tomatoes in the sandwich, which may be harmful to people allergic to tomatoes D. the impact of not having fries to go with the sandwich
Which of the following is not a true statement?
a. There is empirical evidence that future cash flows are better forecasted with accrual data than with cash flow data. b. Accrual accounting numbers incorporate the attribute that determines firm valuation-net cash flow data. c. Changes in reported accounting earnings affect firm valuation through changes in stock prices. d. The value to investors of the information in financial reporting lies in its role as an historical record.
Jane and Don own a ski chalet in Lake Tahoe, NV and rented it for 12 days for $8,000. The rest of the year, the chalet was used by them and their friends and family. What is the proper tax treatment of the $8,000?
A. The amount should be reported as other income on Form 1040 B. Should be reported on Schedule E C. None of the rental income is included in gross income D. The amount should be reported on Schedule C
A CPI index of 0.97 indicates that the project has spent less money than budgeted.
Answer the following statement true (T) or false (F)