Which of the Following Statements About Systems Flowcharts and Data

question 64

Multiple Choice

Which of the following statements about systems flowcharts and data flow diagrams is most true?

• A)Processes are numbered in a flowchart, but not in a data flow diagram.
• B)Processes are numbered in a data flow diagram, but not in a flowchart.
• C)Processes are numbered in both flowcharts and data flow diagrams.
• D)Processes are unnumbered in both flowcharts and data flow diagrams.

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Definitions:

Income Tax Expense

This is the amount of expense that a company recognizes in its financial statements for the income tax due on its taxable income.

Current Tax Liability

The amount of income taxes a company is obligated to pay within the next year.

Accounting Standards

Authoritative standards and principles that guide financial accounting and reporting practices for businesses and organizations.

Deferred Tax Item

An accounting concept representing a future tax liability or asset, resulting from temporary differences between the carrying amount of an asset or liability in the balance sheet and its tax base.