A reasonable man would attach decision making important to the omitted information.
Answer:
B) there is a lag between the time when the economic event occurs and the financial records are updated
Explanation:
Batch processing systems collect data together in a batch before the execution of the process, e.g. billing, generating reports. While real time processing happens immediately after the data has been entered, e.g. an ATM.
Batch systems usually postpone the data processing while real time processing is carried out without delay.
Answer:
The statement of cash flows will show $1,200 outflow from operating activities.
The balance sheet will show $700 of prepaid insurance.
The income statement will show $500 of insurance expense.
Explanation:
Answer:
A. A $16,000 cash inflow in the investing activities section of the cash flow statement.
Explanation:
The gain on sale of asset is,
Gain on disposal = Selling price - Net Book value of asset
Gain on disposal = 16000 - (44000 - 32000) = $4000
However, this gain is a non cash item as it is only reported on the books and there is no cash inflow or outflow that relates to this gain. Thus, option C and D become invalid as there is no cash related to this disposal gain as it is merely a book item.
A sale of asset doesnot increase but rather decrease total assets so option B become invalid. The correct answer is A as the asset is being sold for 16000 thus a cash inflow of 16000 is taking place.
To determine which work breakdown structure elements are at risk of causing analyze the IMS ( integrated master schedule ) critical path and review the remaining float on slipping tasks.
For the evaluation of risks in the WBS factors that would motivate the task schedule to slip, the evaluation of IMS's crucial direction and assessment of the last float on slipping duties is vital.
The integrated master schedule (IMS) is a time-based schedule containing the networked, precise obligations essential to make sure successful application/settlement execution.
The integrated project schedule describes the complete undertaking scope, and activities from all required trades are blanketed. in addition, sports have to be completely connected. The IPS also indicates a balance and the links among principal undertaking capabilities: engineering, procurement, construction, and commissioning.
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