All of the following are logical uses of transaction processing systems, EXCEPT ______.
a. evaluating the possible effects of alternative decisions
b. recording of sales transactions
c. processing of checks and deposits
d. buying and selling of stocks
a. evaluating the possible effects of alternative decisions
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Business rules are an example of which COSO concept?
A. Activity models. B. Control environment. C. Control activities. D. Internal control.
Stock categorized as trading securities is purchased for $72,000 . At year end, when the market value of the stock is $63,000, the adjusting entry that would be recorded is:
a. Allowance to Adjust Short-Term Investments to Market 9,000 Unrealized Loss on Investments 9,000 b. Unrealized Loss on Short-Term Investments 9,000 Allowance to Adjust Short-Term Investments to Market 9,000 c. Allowance to Adjust Short-Term Investments to Market 9,000 Short-Term Investments 9,000 d. Realized Loss on Investments 9,000 Short-Term Investments 9,000
A corporation cannot declare a dividend that would cause stockholders' equity to fall below the legal capital
Indicate whether the statement is true or false
Organizational buyers often buy on the basis of a set of purchasing specifications.
Answer the following statement true (T) or false (F)