Cabinet Secretaries Are Nominated by __________ and Confirmed by __________

question 54

Multiple Choice

Cabinet secretaries are nominated by __________ and confirmed by __________.

• A) the president; the Senate
• B) the president; the House of Representatives
• C) the president; the Supreme Court
• D) the Senate; the president

Recognize the principles of revenue recognition and the matching principle as foundations of accrual accounting.

Grasp how deferred revenues and expenses are treated within the accounting cycle.

Know how adjusting entries affect both income statement and balance sheet accounts.

Understand the concept and accounting treatment of depreciation.