Describe how computer speed is measured
Typically, computer speed is measured as the number of instructions performed during the following fractions of a second:
a . Millisecond: 1/1,000 of a second
b. Microsecond: 1/1,000,000 of a second
c. Nanosecond: 1/1,000,000,000 of a second
d. Picosecond: 1/1,000,000,000,000 of a second
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The following information is available for Ellens Fashions Company for the current month.
What is the adjusted book balance on the bank reconciliation?
A) $10,150
B) $7,690
C) $6,875
D) $6,965
All of the following statements are true except:
a. U.S. GAAP and IFRS define fair value as "the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.". b. The fair value of an asset is an opportunity cost in the sense that fair value reflects an amount that the firm could receive if it sold the asset today. c. Current replacement cost is often used in U.S. GAAP to measure inventories whose usefulness has declined below acquisition cost. d. Net realizable value is similar, but not identical, to fair value. e. Net realizable value is not allowed by IFRS.
Which of the following would be considered to be a misrepresentation of a material fact for purposes of establishing fraud in the inducement?
a. A statement of value, such as "This is the best car in town for the money." b. "This style of jacket is going to be the most popular style next year.". c. "This car has a new radiator.". d. "In my opinion, this is the best buy for the money.".
Crowdfunding is exempt from registration requirements, subject to a $1 million cap
Indicate whether the statement is true or false