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NEW QUESTION: 1
Which of the following is/are differences between depreciation and depletion?
I. Depletion can be applied only to natural resources while depreciation can be applied to most production resources.
II. The amount of depletion depends upon total production but the amount of depreciation need not be so dependent.
III. Depreciation expenses conform with accrual accounting while depletion expenses conform with cost recovery accounting.
A. I, II & III
B. II & III
C. I & II
D. none of these answers
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Depletion expenses also conform with accrual accounting.
NEW QUESTION: 2
Identify the correct sequence of steps in the purchase order period close business flow.
A. 1. Process remaining inventory transactions and close the inventory accounting period. > 2. Run the Accrual Rebuild Reconciliation report. > 3. Write-off accrued transactions as necessary. > 4. Create a manual journal entry for writeoffs. > 5. Review the Uninvoiced Receipts report. > 6. Process period-end accruals. > 7. Close the purchasing period.
B. 1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3.Close the purchasing period. > 4. Process remaining inventory transactions and close the inventory accounting period. > 5.
Run the Accrual Rebuild Reconciliation report. > 6. Write off accrued transactions as necessary. > 7.
Create a manual journal entry for write-offs.
C. 1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3.Close the purchasing period. > 4. Run the Accrual Rebuild Reconciliation report. > 5. Write off accrued transactions as necessary. > 6. Create a manual journal entry for write-offs. > 7. Process remaining inventory transactions and close the inventory accounting period.
D. 1. Process remaining inventory transactions and close the inventory accounting period. > 2. Review the Uninvoiced Receipts report. > 3. Process period-end accruals. > 4. Close the purchasing period. > 5.
Run the Accrual Rebuild Reconciliation report. > 6. Write-off accrued transactions as necessary. > 7.
Create a manual journal entry for write-offs.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 3
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
Box 1: Yes
An Azure free account has a spending limit. This is currently 200 USD or 150 GBP.
Box 2: No
Azure free account has a 5 GB blob storage limit and a 5 GB file storage limit.
Box 3: No
Azure free account has a limit of 10 web, mobile or API apps
References:
https://azure.microsoft.com/en-us/free/
https://azure.microsoft.com/en-us/free/free-account-faq/
https://docs.microsoft.com/en-us/azure/billing/billing-avoid-charges-free-account
https://azure.microsoft.com/en-us/free/free-account-faq/
https://docs.microsoft.com/en-us/azure/billing/billing-avoid-charges-free-account
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