Which of the following statements is true regarding governmental fund financial statements?
A. Governmental fund financial statements help to determine whether the government's overall financial position improved or deteriorated.
B. Governmental fund financial statements report a government's activities and financial position as a whole.
C. Governmental fund financial statements utilize the accrual basis of accounting much like any for-profit entity.
D. Governmental fund financial statements should tell the amount spent this year on such services as public safety, education, health and sanitation, and the construction of a new road.
E. Governmental fund financial statements report all assets and liabilities in a way comparable to business-type accounting.
Answer: D
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Which of the following statements is true regarding the maturity stage of the product life cycle?
A) During this stage, the market grows rapidly. B) Usually, competition is most intense in this phase. C) Many new competitors enter the market. D) This stage comes after the introduction stage.
Which of the following is NOT a means of using technology to spot technology fraud?
a. Routinely search databases for symptom.s b. Utilize intrusion detective programs. c. Secure company systems. d. Train employees to recognize probable fraud.
In comparison to the straight-line layout, a U-shaped layout ______.
A. is more compact B. increases the handling of materials C. requires more manpower D. is highly regulated
Transactions are initially entered into a record called a journal
Indicate whether the statement is true or false