Which of the Following Is a True Statement Regarding the United

question 37

Multiple Choice

Which of the following is a true statement regarding the United States Social Security Administration (SSA) ?

• A) The SSA publishes a monthly list of newly issued Social Security numbers.
• B) The SSA publishes a monthly list of Social Security numbers that are no longer in use.
• C) The SSA database of valid numbers can be accessed by interested parties.
• D) The SSA database can be used to create mailing lists.

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Definitions:

Going Concern Principle

An accounting assumption that a company will continue operating and not go bankrupt or be liquidated in the foreseeable future.

Straight-Line Deprecation

A method of calculating the depreciation of an asset, dividing its cost by the number of years it is expected to be useful.

Book Value

The net value of a company's assets, found by deducting total liabilities and intangible assets from total assets.

Salvage Value

The foreseen remaining value of an asset at the culmination of its viable life.