- All Exams Instant Download
Which of the following best explains the matching principle?
Which of the following best explains the matching principle?A . Revenues should be recognized when earned.B . Revenue recognition is matched with cash.C . Expense recognition is tied to revenue recognition.D . Expenses are recognized at each accounting period.View AnswerAnswer: C
Which of the following statements is true regarding activity-based costing (ABC)?
Which of the following statements is true regarding activity-based costing (ABC)?A . An ABC costing system is similar to conventional costing systems in how it treats the allocation of manufacturing overhead.B . An ABC costing system uses a single unit-level basis to allocate overhead costs to products.C . An ABC...
Which of the following statements describes the typical benefit of using a flat organizational structure for the internal audit activity, compared to a hierarchical structure?
Which of the following statements describes the typical benefit of using a flat organizational structure for the internal audit activity, compared to a hierarchical structure?A . A flat structure results in lower operating and support costs than a hierarchical structure.B . A flat structure results in a stable and very...
Which of the following biometric access controls uses the most unique human recognition characteristic?
Which of the following biometric access controls uses the most unique human recognition characteristic?A . Facial comparison using photo identification.B . Signature comparison.C . Voice comparison.D . Retinal print comparison.View AnswerAnswer: D
