What are the reasons companies use coding schemes in their accounting information systems?
Companies use coding schemes in their AISs because codes concisely represent large amounts of complex information that would otherwise be unmanageable. They also provide a means of accountability over the completeness of the transactions processed and identify unique transactions and accounts within a file. In addition, coding supports the audit function by providing an effective audit trail.
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DSGE models that contain households and firms that are identical are known as
A. heterogeneous-agent models. B. homogeneous-agent models. C. dynamic models. D. multi-layered models.
Howard is a partner in the Smithton Partnership with a basis of $20,000. During the current year, the partnership is liquidated, and the partnership distributes cash of $22,000 and property with a basis of $8,000 and a fair market value of $15,000 to each partner. What amount must Howard report as a gain from the liquidation?
A. $-0- B. $2,000 C. $10,000 D. $15,000 E. $17,000
Explain the ways in which the federal government has tried to change the landscape of corporate governance and executive compensation
____ adds time and place utility to a product by moving it from where it is made to where it is purchased and used.
A. Warehousing B. Containerization C. Distribution D. Materials handling E. Transportation