AIS Study Sometimes Involves Questions with Deterministic Answers

question 64

Multiple Choice

AIS study sometimes involves questions with deterministic answers.Which of the following questions is most likely to have a deterministic answer?

• A)How should a company record the purchase of supplies on account in its AIS?
• B)In a corporation with sales of $100,000 annually, what dollar amount should be considered material?
• C)Which processing tools should the AIS use?
• D)Has the conceptual framework achieved the FASB's original objective for developing it?

---

Definitions:

Ecosystem

A biological community interacting with its environment.

Energy Flow

The passage of energy through the components of an ecosystem, from the sun through producers to consumers and then to decomposers.

Cyclical

Describes a process that occurs in a repeated sequence or in cycles.

Carbon-Rich Remains

Organic material that has a high carbon content, often found in fossils or peat, resulting from the decomposition of living organisms.