When Using Logs and Diaries

question 20

Multiple Choice

When using logs and diaries

• A) The member should be able to record whatever they like
• B) The worker can ask the member to record certain information
• C) It is not a good idea to use them to identify problems
• D) The worker should realize that they are more accurate than many other data collection methods

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Definitions:

Equity Method

An accounting technique used to record investments in associate companies, where the investment is initially recorded at cost and adjusted thereafter for the post-acquisition change in the investor’s share of the associate’s net assets.

Long-Term Investments

Assets that are intended to be held for more than one year, such as stocks, bonds, or real estate, for income or capital gains.

Accounting

A system that collects and processes (Analyzes, measures, and records) financial information about an organization and reports that information to decision makers.

Statement Of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financial activities.