An approach to implementing a software application where little or no software is installed and local computers, where the data is isolated between organizations a service computer is called _______
a. a software service
b. a Web service
c. a remote application
d. software as a service
d
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By law, what is the minimum percentage of assets that an employee stock ownership plan (ESOP) must invest in its company's stock?
A. 10 B. 26 C. 76 D. 51 E. 60
Sonar Company prepared a draft of its 2014 balance sheet. The draft statement reported total assets of $437,500 . Included in this total assets figure were the following items: Treasury stock of Sonar Company at cost, which approximates market value on December 31 ................ $12,000 Unamortized patents ..................................... 5,600 Cash surrender value of life insurance on
corporate executives .............................................. 6,850 Unrealized holding losses on available-for-sale securities ............................................ 4,200 At which amount should Sonar' total assets be correctly reported in the December 31 . 2014, balance sheet? a. $420,850 b. $421,300 c. $425,050 d. $425,500
Which is the best cost accumulation procedure to use for continuous mass production of like units?
a. actual b. standard c. job order d. process
If the combined market value of trading securities at the end of the year is less than the market value of the same portfolio of trading securities at the beginning of the year, the difference should be accounted for by
a. reporting an unrealized loss in security investments in the stockholders' equity section of the balance sheet. b. reporting an unrealized loss in security investments in the income statement. c. a footnote to the financial statements. d. a credit to Investment in Trading Securities. e. None of these answer choices is correct.