Revenue and expense accounts
a. are permanent accounts.
b. are temporary accounts.
c. reflect cumulative changes in each account since the organization of the firm.
d. record all cash receipts and cash disbursements.
e. none of the above
B
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The IFAC suggested ten core principles of effective information technology planning. Which of these is not one of those ten core principles?
A. Unbiased B. Achievability C. Alignment D. Measurable Performance
What kind of growth strategy is Procter and Gamble pursuing as it ventures into services such as Tide Dry Cleaners and Mr. Clean Car Washes?
Fill in the blank(s) with the appropriate word(s).
The preemptive right is important to shareholders because it
A. will result in higher dividends per share. B. is included in every corporate charter. C. protects the current shareholders against a dilution of their ownership interests. D. protects bondholders, and thus enables the firm to issue debt with a relatively low interest rate. E. allows managers to buy additional shares below the current market price.
The discovery and correction of errors is important in a computerized system. Discuss what kind of errors might occur in these systems