Information and Communication Includes All of the Following Except

question 66

Multiple Choice

Information and communication includes all of the following except:

• A) Identifying and recording all valid transactions.
• B) Determining the time period in which transactions occurred.
• C) Communicating price changes to customers.
• D) Properly presenting transactions and related disclosures in the financial statements.

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Definitions:

Conduct

The manner in which a person behaves, especially in a particular context or situation.

Vacuum Cleaners

Electrical appliances designed to use suction to remove dust and dirt from floors, upholstery, and other surfaces.

Express Authority

The authority of the agent as actually stated by the principal.

Implied Authority

When the authority of the agent is implied from surrounding circumstances, such as the position or title given (by the principal) to the agent.