In writing a summary or an abstract, which of the following is acceptable?
A) using present tense
B) quoting extensively
C) giving one's opinion
A
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Which one of the following statements is false?
a. Differences in cash flows between LIFO and FIFO inventory methods are a direct result of the differences in the purchases b. Differences in cash flows between LIFO and FIFO inventory methods are caused by differences in taxes. c. The amount of cash to acquire inventory is the same for companies that use LIFO as for those companies that use FIFO. d. The primary determinant in selecting an inventory costing method should be the ability of the method to accurately reflect the net income of the period.
Data for an adjusting entry described as "accrued wages, $2,020" means to debit
A) Wages Expense and credit Wages Payable B) Wages Payable and credit Wages Expense C) Accounts Receivable and credit Wages Expense D) Drawing and credit Wages Payable
Answer the following statement(s) true (T) or false (F)
1. Utility software provides additional functionality to the operating system. TRUE 2. Disk optimization software helps save information if a computer crashes. 3. A tablet is a pen-based computer that provides the screen capabilities of a PDA with the functional capabilities of a laptop or desktop computer. 4. Volatility is a protected memory space created by the CPU allowing the computer to create virtual machines. 5. Complex instruction set computer chips limit the number of instructions the CPU can execute to increase processing speed.
When it comes to choosing an operating target, both the ________ rate and ________ aggregates are easily controllable using the Fed's policy tools
A) federal funds; monetary B) federal funds; reserve C) three-month Treasury bill; monetary D) ten-year Treasury bond; reserve