This control protects records from errors that occur when two or more users attempt to update the same record simultaneously
A) concurrent update controls
B) cross-footing balance test
C) data conversion controls
D) recalculation of batch totals
A
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On January 1, Year 1, Wok of Fame, Inc., borrowed $700,000 at 5%. The loan will be repaid with equal annual installment payments of $50,000 made on the last day of each year, which is the company's yearend. The second installment payment journal entry will include a larger ______ than in the first installment payment journal entry.
a. debit to Notes Payable b. credit to Notes Payable c. credit to Interest Expense d. debit to Interest Expense
The Ontario Hockey Association makes a rule that only boys can play on teams in its league. Which of the following would apply to that ruling?
A) The Charter B) The Canadian Human Rights Act C) The Ontario Human Rights Code D) The United Nations Covenant on the Rights of Children E) Both A and C