Traditional accounting systems focus on historical information, while EMA systems must also utilize future-oriented information

Management compares the costs of undertaking a quality improvement program to the costs of continuing without the quality improvement program

Indicate whether the statement is true or false

In arriving at an estimate of value, an appraiser would be most interested in the date:

A: The purchase contract was signed; B: The deed was recorded; C: The sale went into escrow; D: The escrow was closed.