Restatement of the Law of Contracts is the agreed upon federal law in the United States
Indicate whether the statement is true or false
FALSE
You might also like to view...
As opposed to a manual control, an automated control:
A. can never be circumvented. B. need not be tested by the auditor. C. should function consistently in the absence of program changes. D. must be tested using the same techniques as a manual control.
A company must fund its pension plan each year at an amount that at least equals service cost for the year plus the amount needed to amortize any underfunding over a
A) maximum of three years. B) maximum of five years. C) minimum of three years but not more than six years. D) maximum of seven years.
Microsoft, SAP, Oracle, and all other for-profit organizations that develop software own their software and license it.
Answer the following statement true (T) or false (F)
If equipment costing $90,000 with accumulated depreciation of $75,000 is sold for $17,000, the entry to record this sale would include a
a. credit to Accumulated Depreciation, $75,000; b. debit to Cash, $90,000; c. credit to Gain on Sale of Equipment, $2,000; d. debit to Loss on Sale of Equipment, $15,000; e. none of these