Activities occurring within maintenance include:
A) transforming changes into requests.
B) obtaining maintenance requests.
C) determining a steering committee.
D) marketing changes.
E) adding data definition language to database.
B
Explanation: B) Obtaining maintenance requests requires that a formal process be established whereby users can submit system change requests.
CL
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Two years ago, Gina loaned Tom $50,000. Tom signed a note the terms of which called for monthly payments of $2,000 plus 6% interest on the outstanding balance. Last year, when the balance owing on the loan was $18,000, Tom defaulted on the note. As of the end of last year, there appeared to be no reasonable prospect of Gina recovering the $18,000. As a consequence, Gina claimed the $18,000 as a nonbusiness bad debt. Last year, Gina had AGI of $50,000, which included $16,000 of net long-term capital gains. Gina did not itemize her deductions. During the current year, Tom paid Gina $13,000 in final settlement of the loan. How should Gina account for the payment in the current year?
A. File an amended tax return for last year. B. Report no income for the current year. C. Report $2,000 of income for the current year. D. Report $5,000 of income for the current year. E. None of these.
A new term used to describe both horizontal and lateral transfers within an organization is ______.
a. unidirectional transfers b. bidirectional mobility c. two-dimensional transfers d. internal mobility
A fair value hedge
a. is a derivative instrument acquired to hedge exposure to changes in the fair value of an asset or liability. b. must be revalued each period and the resulting gain or loss is reflected in contributed capital each period. c. is not revalued each period with no recognition given of the resulting gain or loss in earnings. d. must be accounted for under the lower of cost or market principles. e. must be revalued each period and the resulting gain or loss is reflected in reserves for contingencies each period.
If an "innocent party" fails to mitigate his damages, the court will
A) reduce the damages payable to the "innocent party" B) pay damages to a third party. C) pay damages to the party who caused the loss; D) increase the damages payable to the "innocent party"; E) award punitive damages as well