A system that has all necessary features but is inefficient is an example of a ________ prototype
A) patched-up
B) nonoperational
C) first-of-series
D) selected features
A
You might also like to view...
For each of the following items, insert the best term or phrase. An answer choice may be used more than once, but only one choice is the best for each descriptive phrase.
A. A trust that can accumulate rather than distribute its accounting income. B. An estate always is created upon the death of this party. C. The fiduciary in charge of an estate. D. The person who transfers assets to a trust. E. A trust whose income is taxed to the donor, not the beneficiaries. F. A synonym for executor. G. A trust whose remainder beneficiary is its grantor. H. A trust that is required to distribute annual accounting income. I. A trust whose income can be distributed to beneficiaries and in amounts at the trustee’s discretion. J. The fiduciary in charge of a trust.
If a company does not maintain its treasury stock records on a specific identification basis, which of the following approaches may be used to record a reduction in the treasury stock account when the stock is reissued?
A) FIFO or average costing B) FIFO or LIFO costing C) LIFO or average costing D) none of these
Which of the following values is considered the market value when valuing inventory at lower-of-cost-or-market under U.S. GAAP?
A) sales price less the company's normal mark-up percentage B) current replacement cost C) cost plus the company's normal mark-up percentage D) historic cost
In a common-size financial statement, which of the following is given a percentage of 100 percent?
A) Total liabilities B) Net income C) Costs of goods sold D) Total assets