Which of the following statements is true about labels for nodes in AON network diagrams?
a. They identify the project’s activities.
b. They identify the project’s manager.
c. They identify the project’s timeline.
d. They identify the project’s budget.
a. They identify the project’s activities.
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The amount of the year-end adjustment for Allowance for Bad Debts is equal to the aging percent of uncollectible accounts multiplied by the amount of accounts receivable
a. True b. False Indicate whether the statement is true or false
In an operating lease, the lessee is not required to record the right to use the property as an asset or to record the obligation for payments as a liability
a. True b. False Indicate whether the statement is true or false
A Trojan horse
a. burrows into a computer's memory and replicates itself into areas of idle memory b. is a destructive program triggered by some predetermined event c. allows unauthorized access to a system without going through normal log on procedures d. captures IDs and passwords from unsuspecting users
In accounting for depreciation in not-for-profit organizations:
a. depreciation directly reduces the asset account instead of using an accumulated depreciation account. b. certain assets are not subject to depreciation if they have value worth preserving in perpetuity and the organization has the ability to preserve the asset. c. the straight-line depreciation method is required. d. depreciation is required for all assets.