Nichel Designs a New Office-Management Software Program and Incorpo?rates Nichel's

question 26

Multiple Choice

Nichel designs a new office-management software program and incorpo?rates Nichel's Niche,Inc. ,to make and market it.To sell a limited number of shares of stock to the public,the firm must register the shares with

• A)an attorney with securities law expertise.
• B)a venture capitalist.
• C)the Securities and Exchange Commission.
• D)the U.S.Patent and Trademark Office.

Comprehend the flexibility principle and its importance in tailoring accounting information systems to a company's needs.

Understand the process and importance of capturing information from source documents.

Learn about the use and benefits of subsidiary ledgers and special journals in accounting systems.

Recognize the principles of designing an accounting information system for effective decision-making.

---

Definitions:

Pushrod Clevis Yoke

A component in mechanical linkage systems, specifically designed to connect a pushrod to a functioning part, ensuring movement transmission.

Slack Adjuster

A mechanism in braking systems, especially in heavy vehicles, that allows for automatic adjustment of the brake pads as they wear down.

Dividend Income

Income received from owning shares in a company, typically distributed from the company's profits.

Quarterly Dividends

Dividend payments made to shareholders four times a year, typically every three months.