Software that is freely distributed, along with the code underlying the program, so that people can access the code to improve it is known as ________
A) legacy software
B) proprietary software
C) open source software
D) firmware
C
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The Michael Company has an accounts receivable account in its general ledger, and it also maintains a subsidiary ledger that contains an individual account for each of its customers who buys merchandise on credit. Which of the following statements about the general ledger account is not true?
A) The general ledger account is also called a contra account. B) The balance of the general ledger account should agree with the total of all of the accounts in the subsidiary ledger. C) The general ledger account is called a permanent account. D) The general ledger account is properly referred to as a control account.
Cognitive shortcuts that influence the way people process information regarding groups and group members are defined as ______.
A. stereotypes B. prejudices C. ethnocentrism D. agentics
Materials purchased in anticipating of rising prices, shortages, government instability, and the like is referred to as ______.
a. hedge inventory b. anticipation inventory c. seasonal inventory d. stabilizing inventory
As part of the year-end audit and using the analytical-procedure approach similar to last year’s audit (average loan volume multiplied by weighted-average interest rate), determine if Northwest Bank’s interest income from loans reported at December 31, 2018 appears fairly stated. Do the results of the analytical procedure indicate that you accept 2018 interest income as reported?
Yes ________ No ________ Please briefly explain your answer.