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NEW QUESTION: 1

A. Option A
B. Option C
C. Option D
D. Option B
Answer: C

NEW QUESTION: 2
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with Quo's president and outside accountants, made changes in accounting policies, corrected several errors dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these transactions as: a change in accounting principle, a change in accounting estimate, a correction of an error in previously presented financial statements, or neither an accounting change nor an accounting error.
Item to Be Answered
Quo changed from LIFO to FIFO to account for its finished goods inventory.
List A (Select one)
A. Correction of an error in previously presented financial statements.
B. Change in accounting estimate.
C. Change in accounting principal.
D. Neither an accounting change nor an accounting error.
Answer: C

NEW QUESTION: 3
An administrator notices that former temporary employees' accounts are still active on a domain. Which of the following can be implemented to increase security and prevent this from happening?
A. Implement a password expiration policy.
B. Run a last logon script to look for inactive accounts.
C. Implement an account expiration date for permanent employees.
D. Implement time of day restrictions for all temporary employees.
Answer: B

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