Which of the following is TRUE of an effective accounting information system?
A) It has little influence in improving a company's internal control activities.
B) The cost of using an accounting information system is the same for both small and largebusinesses.
C) A compatible accounting information system works smoothly with the business' s employees and organizational structure.
D) Large private companies prefer a manual accounting information system since their financial statements are not audited.
C) A compatible accounting information system works smoothly with the business' s employees and organizational structure.
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Which of the following statements regarding debt securities is incorrect?
A) Debt securities include Held-to-Maturity Debt Investments, Trading Debt Investments, and Available-for-Sale Debt Investments. B) When recording the receipt of interest revenue on Trading Debt Investments, Interest Revenue is credited. C) If a Held-to-Maturity Debt Investment is purchased at a discount or premium, the discount/premium must be amortized when the interest revenue is earned. D) All investments in debt securities are categorized as long-term assets.
Ignoring income taxes, choose the correct response below regarding total stockholders' equity resulting from classifying all investments for a firm either as trading securities or securities available-for-sale
a. Stockholders' equity is the same regardless of the classification b. Stockholders' equity is greater if the investments are classified as available-for-sale. c. .Stockholders' equity is greater if the investments are classified as trading securities. d. If there have been unrealized gains, classification as trading securities results in higher stockholders' equity.
________ technologies are still under development, and managers might not want to invest in them until they have been developed more fully.
A. Large-batch B. Base C. Emerging D. Key E. Pacing
Cartons of Plaster of Paris are supposed to weigh exactly 32 oz. Inspectors want to develop process control charts. They take ten samples of six boxes each and weigh them
Based on the following data, compute the lower and upper control limits and determine whether the process is in control. Sample Mean Range 1 33.8 1.1 2 34.6 0.3 3 34.7 0.4 4 34.1 0.7 5 34.2 0.3 6 34.3 0.4 7 33.9 0.5 8 34.1 0.8 9 34.2 0.4 10 34.4 0.3