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NEW QUESTION: 1
Bank A is to pay Bank B $6,000,000 for 10 transactions that occurred throughout the day. Bank B is to pay Bank C $8,000,000 for 13 transactions that occurred throughout the day. Bank B is to pay Bank A $5,000,000 for 17 transactions that occurred throughout the same day. These banks operate using a gross settlement system. How many transactions will
occur between these banks to settle the payments?
A. 0
B. 1
C. 2
D. 3
Answer: C

NEW QUESTION: 2
Considering the following scenario:
File Access protection is now turned ON in file A.
Which two statements are true about this situation? (Choose two)
A. To create a new script in file C that uses the Open File script step to open file A will require authorization
B. File A will now require authorization to access file
C. File B will be automatically authorized in file
D. The user is prompted to authorize file B when file B is open.
E. To authorize file C to access file A, a user will require a minimum of write access for both files.
Answer: A,D

NEW QUESTION: 3
Which of the following is correct concerning financial statement disclosure of accounting policies?
A. The format and location of accounting policy disclosures are fixed by generally accepted accounting
principles.
B. Disclosures should duplicate details disclosed elsewhere in the financial statements.
C. Disclosure of accounting policies is an integral part of the financial statements.
D. Disclosures should be limited to principles and methods peculiar to the industry in which the company
operates.
Answer: C
Explanation:
Choice "b" is correct. Disclosure of accounting policies (and all other disclosure also) is an integral part of
the financial statements. Choice "a" is incorrect. For disclosure of accounting policies, disclosure should
not be limited to principles and methods peculiar to the industry in which the company operates. All
material accounting policies should be disclosed. Choice "c" is incorrect. For disclosure of accounting
policies, the format and location of accounting policies are not fixed by GAAP. Accounting policy
disclosures are normally Note 1, but that is a (reasonable and very general) practice and not a "rule." It
does make sense to disclose the "why" before the "what." Choice "d" is incorrect. Disclosure of
accounting policies should not duplicate details disclosed elsewhere in the financial statements.
Interim Financial Reporting

NEW QUESTION: 4
注：この質問は同じシナリオを使用する一連の質問の一部です。 あなたの便宜のために、シナリオは各質問で繰り返されます。 各質問はそれぞれ異なる目標と答えの選択を提示しますが、シナリオの本文はこのシリーズの各質問でまったく同じです。
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Answer:
Explanation: