Technology

question 3

Multiple Choice

Technology

• A) Has replaced accounting.
• B) Has not changed the work that accountants do.
• C) Has closely linked accounting with consulting, planning, and other financial services.
• D) In accounting has replaced the need for decision makers.
• E) In accounting is only available to large corporations.

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Definitions:

Assigned

Allocated or designated to a particular task, position, or purpose.

Unassigned

Refers to funds, resources, or tasks not specifically allocated or designated for a particular purpose or to a particular entity.

Spendable

Refers to the amount of money that is available for use, not tied up in investments or savings.

Nonspendable

Refers to a fund balance category in governmental accounting, indicating funds that cannot be spent because they are not in spendable form or are legally or contractually required to be maintained intact.