What are the objectives of IT Governance?
Key objectives of IT governance are to reduce risk and ensure that investments in IT resources add value to the corporation.
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Relevance and faithful representation are the ultimate objectives of accounting information
Indicate whether the statement is true or false
Paul shakes hands with his friend’s girlfriend when the couple meet him over the weekend for coffee. Which kind of touch is Paul using?
a. love/intimate touch b. social/polite touch c. functional/professional touch d. friendship/warmth touch
Owner's equity is not affected by
a. investments; b. withdrawals by the owner; c. profits; d. losses; e. all transactions
The Narrows Company makes the following entry in its accounting records: Inventory ................................. 400 Cost of Goods Sold...................... 400 This entry would be made when
a. merchandise is sold and the periodic inventory method is used. b. merchandise is sold and the perpetual inventory method is used. c. merchandise is returned and the perpetual inventory method is used. d. merchandise is returned and the periodic inventory method is used.