Answer:
c.$100 million in a governmental fund
Explanation:
We are recording for the collectiong of the funds thus, we should ignore the latter contribution unti lit is performed.
An agency fund occures when one government agency colllects and holds on behalf of another
In this case, the Haynes Independent School District do not collected those taxes in behalft of a certain governemtn agency. Latter the State will take a portion of this and assign as it see fits thus, it will not be considered agency fund. Hence, the entire amount is governmental fund
Construction expenditures should be debited when <u>D. The bill is approved for payment.</u>
<u>Explanation:</u>
In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.
This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.
Once the bill submitted by company is approved, then the retention amount will be automatically debited.
A) Positioning your hands so your fingers don't get caught under the load
An accounting firm has five offices in five separate cities. Employees need to transmit data between the different offices, and it is crucial that none of the data is altered during transmission. This e commerce concern is known as D<u>ata Confidentiality</u>
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Explanation:
- Data confidentiality is about protecting data against unintentional, unlawful, or unauthorized access, disclosure, or theft.
- Confidentiality has to do with the privacy of information, including authorizations to view, share, and use it.
- Confidential Information should not be accessible to an unauthorized person. It should not be intercepted during the transmission.
- Confidentiality refers to protecting information from being accessed by unauthorized parties.
- Only the people who are authorized to do so can gain access to sensitive data. Imagine your bank records.
- A failure of confidentiality, known as a breach, typically cannot be remedied.
