Performance Appraisals May Be Used to Document Information to Protect

question 49

True/False

Performance appraisals may be used to document information to protect against lawsuits.

---

Definitions:

Worksheet

A spreadsheet used by accountants to prepare adjusting entries, financial statements, and to ensure the accounts balance before closing.

Accountant

A professional who performs accounting functions such as audits or financial statement analysis and is proficient in financial reporting and regulation.

Depreciation Expense

The method of distributing the expense of a physical asset across its serviceable duration, accounting for depreciation or becoming outdated.

Depreciation

The method of allocating the cost of a tangible asset over its useful life.