MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 37

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-This kind of Web site is one that has many levels of pages.

• A)Web servers
• B)XHTML
• C)usability
• D)broad
• E)hyperlinks
• F)HTML
• G)hierarchical
• H)FTP
• I)log
• J)W3C

Describe the purpose and accounting treatment for fiduciary funds.

Analyze the benefits and limitations of government-wide financial statements.

Discern the applicability of modified accrual accounting within different types of governmental funds.

Recognize the conditions under which revenues and expenditures are recognized in governmental accounting.

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Definitions:

Dollar-Value LIFO

An inventory valuation method that uses the last-in, first-out (LIFO) principle but measures inventory in dollar amounts rather than in physical units.

Specific Identification Method

An inventory valuation method that tracks the cost of specific items sold and remaining inventory.

Manipulation Of Profits

The unethical or illegal adjustment of a company's financial records in order to present an inaccurately positive picture of its financial performance.

Expenses Against Revenues

The matching principle in accounting that involves recording expenses in the period in which they helped to generate revenues.