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A Chief Executive Officer (CEO) Is Staying at a Hotel

question 711

Multiple Choice

A Chief Executive Officer (CEO) is staying at a hotel during a business trip. The hotel's wireless network does not show a lock symbol. Which of the following precautions should the CEO take? (Choose two.)

Gain knowledge of the use of worksheets in the accounting process for preparing financial statements and adjusting entries.
Understand how to calculate and interpret the effects of accounting adjustments on the adjusted trial balance and financial statements.
Understand the types of funds used in governmental accounting and their purposes.
Identify and differentiate between the basis of accounting (modified accrual vs. accrual) used in various governmental funds.

Definitions:

Boiling Point

When a liquid's vapor pressure is equal to the surrounding atmospheric pressure, resulting in its conversion to vapor.

Nucleophile

A chemical entity that provides a pair of electrons to an electrophile, thus creating a chemical bond during a reaction.

NaCN

Sodium cyanide, a highly toxic chemical compound used in the extraction of gold and silver from mineral ores.

Bromides

Ionic compounds that contain a bromine ion (Br-) combined with another element or radical.

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