The Object Management Group maintains the standard for Unified Modeling Language (UML) Class diagrams.
Answer the following statement true (T) or false (F)
True
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In creating lead schedules for an audit engagement, what financial information is needed to begin?
A. Adjusting entry information, such as deferrals and accruals and reclassification journal entries. B. Interim financial information, such as third quarter sales, net income, and inventory and receivables balances. C. Specialized journal information, such as the invoice and purchase order numbers of the last few sales and purchases of the year. D. General ledger information, such as account numbers, prior-year account balances, and current year unadjusted information.
A job cost sheet contains information about the direct and indirect costs incurred on a specific job
Indicate whether the statement is true or false
Firms may periodically distribute net assets generated by earnings to shareholders as a dividend. Firms reduce net assets and retained earnings for the distribution
Indicate whether the statement is true or false
According to the five-component model of an information system, software is the most important component of an information system.
Answer the following statement true (T) or false (F)