Answer:
True
Explanation:
Data are raw information that have not gone through any processing but giving a description of a thing. They are in their basic digital format. It requires interpretation for data to be translated to information.
Answer:
A. Expenditures for 2020 will include the $40,000 purchase orders.
Explanation:
The only accounting technique or principle that is accepted by GAAP which is generally known as the generally accepted accounting principles, is the accrual basis accounting technique. This technique pertains to the matching principle by recording the income whenever it is earned and expenses as they happen.
The four fundamental constraints that are associated with GAAP include materiality, objectivity, consistency and prudence.
