Which of the following statements regarding accounting information systems is not true?
A. Accounting information systems communicate information to business decision makers.
B. Accounting information systems collect and process data from transactions and events.
C. Accounting information systems organize data in useful forms.
D. Accounting information systems are not subject to internal control policies.
E. Accounting information systems are useful to effective decision making.
Answer: D
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Hardin Co. purchased $1,000,000 of 4% bonds of West in Co. at face value on January 1, 2018. The bonds pay interest on June 30 and December 31 each year. They mature on December 31, 2022. Hardin intends to hold the Westin bond investment until maturity and has the ability to do so.
1. Journalize Hardin's transactions related to the bonds for 2018. Omit explanations. 2. Journalize the entry that Hardin will make on the maturity date of the Westin Co. bonds. Assume the last interest payment has already been recorded. Omit explanations.
Which of the following is the process of dividing a market into meaningful and distinct customer groups?
A) market targeting B) segmentation C) positioning D) competitive advantage E) differentiation
Trade fixtures are treated as personal, not real, property because of a presumption that neither party intends such fixtures to become a permanent part of the realty
Indicate whether the statement is true or false
A person who owes a duty under a contract is an obligee
a. True b. False Indicate whether the statement is true or false