Which of the following is not an advantage of a computer accounting systems?
A) Special journals are not typically used.
B) Reports are easy to generate.
C) Automatic posting to account balances.
D) Month end postings to controlling accounts.
D
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Which of the following statements about classification choices is correct?
A. GAAP classifies interest received as either an operating or investing activity, but IFRS requires it to be classified as an investing activity. B. GAAP allows interest paid to be classified as either an operating or financing activity, but IFRS requires that it be classified as a financing activity. C. GAAP classifies cash dividends paid as a financing activity, but IFRS allows them to be classified as either an operating or financing activity. D. GAAP classifies cash dividends received as an investing activity, but IFRS allows them to be classified as either an operating or investing activity.
Explain the dilemmas faced by businesses with regard to outsourcing
What will be an ideal response?
With companies facing global competition, firms are recognizing that their most important asset is:
A. inventory B. employees C. cash D. a happy customer
The following systems flowchart segment depicts a user's query of a data store to view information on a computer screen. Which statement is correct?
?
?
A. The systems flowchart was created properly. B. Only a single direction arrow should connect the data store symbol to the process query symbol. C. The query input symbol should be a square. D. The query input symbol should be in the computer column.