______ refers to the method used to record financial transactions.
A. Accounting
B. Bookkeeping
C. Record keeping
D. Financial management
B. Bookkeeping
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To prepare a statement of cash flows, the accountant will need the balance sheets for the beginning and end of the period, the income statement, and the statement of retained earnings
Indicate whether the statement is true or false
The Gain on Disposal of Equity Investment is a(n) ________.
A) unrealized gain B) contra revenue C) element of other comprehensive income D) temporary equity account
A master file contains information used to update master files and produce reports
Indicate whether the statement is true or false
In cloud computing, employees use information systems that are ________
A) designed to perform without an Internet connection B) installed locally within an organization C) hosted by a vendor in a data center D) more expensive than locally-hosted versions