Which of the following statements describes how a traditional 401(k) account is similar to a Roth 401(k) account?
A. Employers generally choose how funds in these accounts will be invested.
B. Employees contribute before-tax dollars to both types of accounts.
C. Both accounts can receive matching contributions from employers.
D. Distributions from a traditional 401(k) account and a Roth 401(k) account are both subject to minimum distribution penalties.
Answer: D
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a. transaction authorization and validation b. access controls c. EDI audit trail d. all of the above
Which of the following describes the production budget?
A) It aids in planning to ensure the company has adequate inventory and cash on hand. B) It provides the quantity of finished goods to be produced during a budget period. C) It depicts the breakdown of sales on the basis of terms and conditions of collection of sales revenue. D) It helps in planning to ensure the business has adequate cash.
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Which of the following is a plant asset?
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