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NEW QUESTION: 1
Which of the following is true of accrual accounting?
A. It rests on a primary guiding principle, which is recognition
B. It entails recording income or expenditure only when money comes into or leaves the company
C. The recognition of revenue involves the receipt or payment of cash, while the recording of expense does not
D. Neither the recognition of revenue nor the recording of expense necessarily involves the receipt or payment of cash
Answer: D
NEW QUESTION: 2
The IT department recently upgrade client computer for the graphics department. A user reports the new computer has not worked since up. It , makes unusual sound when pressing the power button.
A technician verifies the power cable works and the computer is connected properly to both data and power.
The monitor powers on but display the message NO source. Which of the following BEST explains the cause of this problem?
A. The error beep codes on POST.
B. There is back screen on system boot.
C. There is insufficient power to the computer
D. The computer is overheating.
Answer: D
NEW QUESTION: 3
A risk owner should be the person accountable for:
A. the business process.
B. the risk management process
C. managing controls.
D. implementing actions.
Answer: C