During which of the following phase gates would the question "Does this project align with our strategic direction?" be answered?
A. Proposal
B. Screening and selection
C. Implementation plan
D. Progress evaluation
E. Closure
Answer: A
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The entry made in February to reverse the entry that was made to accrue January payroll would be:
a. Debit - Wages Payable Credit - Cash b. Debit - Wages Payable Credit - Payroll c. Debit - Factory Overhead Credit - Payroll d. Debit - Payroll Credit - Wages Payable
Only the asset, liabilities, and owner's equity accounts will be listed on the trial balance of the business
Indicate whether the statement is true or false
Progress and performance can be measured quantitatively as well as qualitatively.
Answer the following statement true (T) or false (F)
In general, with an amortized loan, the payment amount remains constant over the life of the loan, the principal portion of each payment grows over the life of the loan, and the interest portion of each payment declines over the life of the loan
Indicate whether the statement is true or false