C, The identification of a problem for investigation
Answer:
The statement is: True.
Explanation:
A data custodian is responsible for storing and give proper use to specific types of information. This character appears at the governance level of safe-keeping data. Typically, the information the custodian guards is related to businesses and general IT (Information Technology).
Answer:
A.) Revenue Recognition
B.) Full disclosure
C.) Expense Recognition
D.) Historical Cost
Explanation:
Revenue Recognition principle maintains theta revenue is entered into the income statement onev it is earned or incurred without necessarily waiting till cash is paid.
Expense Recognition is usually related to when assets are being converted into expenses such that cost of asset is apportioned over the useful years of the asset.
Full Disclosure maintains the release or disclosure of information related ongoing business operations such as pending lawsuit during the disclosure of business financial statement.
Historical Cost: This involves value recorded on the balance sheet that portrays the original amount paid to acquire an asset at the time of purchase
Julie’s mental age is 8 years old. Mental age is the age of
a person based on his or her intelligence. Mental age is computed based on the result
of the intelligence test and the psychologist assessment to the person.
Answer:
Answer is option D, i.e. A statement that the benefits in the illustration are guaranteed.
Explanation:
The application of health insurance includes the name of the person insured, the page number that shows its relationship to the total number of pages in the illustration and the page number. However, during the time of the application process, the statement whether the benefits in the illustrations are guaranteed or not is not mentioned in the application form.
