When an entity reports on a sale of a component of the business
A) any income or loss from operations of the component should be reported in the income from continuing operations section, but any gain or loss on the sale of the component should be presented below the income from continuing operations section.
B) current operating income or loss of the component and any gain or loss on sale of the component should be presented in a separate section of the income statement.
C) any gain or loss on the sale should always be presented as a component of other comprehensive income.
D) all information related to the sold component should be reported solely in the footnotes accompanying the financial statements.
B
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In the capacity of project leaders, senior systems analysts are put in charge of several analysts and programmers.
Answer the following statement true (T) or false (F)
Rebecca informed all her employees that their ethical decision-making would be covered during performance appraisals. In other words, Rebecca let everyone know that being ethical was a part of the job and they would be appraised on it. It appears Rebecca is using her _______ to try to create an ethical workplace.
A. authority B. responsibility C. accountability D. doing the right thing
Answer the following statement(s) true (T) or false (F)
1. The employee’s name is an example of an object. 2. MS Access would be appropriate for an organization that had a small database and limited knowledge of database programming. 3. The advent of the Internet and a standardized communication protocol have contributed to easier database programming. 4. The database design process begins with determining what the users want.
Liquidity is how fast an asset can be converted to cash
Indicate whether the statement is true or false