The Basic Components of an Accounting Information System Include All

question 37

Multiple Choice

The basic components of an accounting information system include all but which of the following?

• A)Source documents
• B)Input devices
• C)cell phones
• D)Information processors
• E)Information storage.

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Definitions:

Cash Dividends

Cash Dividends are payments made by a corporation to its shareholders, usually as a distribution of profits.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or the wear and tear over time.

Long-Term Debt

Loans and financial obligations lasting more than one year, used to finance a company's operations or expansions.

Direct Approach

A method in financial accounting that involves reporting major classes of gross cash receipts and payments, providing a clear view of a company's cash flow.