In April 2005, Lieutenant General John R

question 91

Multiple Choice

In April 2005, Lieutenant General John R.Vines issued a policy that

• A)opened the use of milblogs to all soldiers and their families.
• B)allowed for free government-created and -monitored websites for soldiers and family.
• C)required servicemen to register their web server/web page with unit commanders for monitoring.
• D)required servicemen to remove their web server/web page in order to maintain order and security.

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Definitions:

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is received or paid.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use in financial reporting.

ASPE

The Accounting Standards for Private Enterprises (ASPE) is a set of accounting standards for private companies in Canada, providing guidelines on financial reporting practices.

Accrual Basis

An accounting method where revenues are recorded when earned, and expenses are recorded when incurred, regardless of when cash is exchanged.