During project closing, the project team or contractor should ensure that copies of appropriate project documentation are properly organized, filed, and archived so that
a. they can be stored easily.
b. they can be readily retrieved for future use.
c. the files are ready for audit.
d. the project sponsor could review them.
b
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The purchase of a long-term asset using a long-term note payable is an example of a noncash investing and financing activity, which should be disclosed in a note or separate schedule.
Answer the following statement true (T) or false (F)
According to the IRS's LIFO conformity rule, a company that chooses LIFO to report net income to its shareholders may not use LIFO in preparing its income tax return
a. True b. False Indicate whether the statement is true or false
Which of the following is a highly suspicious financial statement relationship?
a. Increased revenues with increased cash flows b. Increased volume with decreased cost per unit c. Increased inventory with decreased payables d. Increased inventory with increased warehousing costs
Think about the difference between merit and worth, and identify each evaluation question whether it focuses on the evaluand’s merit or worth.
a. Is the firefighters’ rescue simulation program designed with multimedia elements? ______ b. Should the department renew the current license for using the learning management system (hosting option) next year? ______