Assets = Liabilities + Owners' Equity is the fundamental ________ equation
A) asset
B) accounting
C) mathematical
D) corporate
E) profit
B
Explanation: B) The process of bookkeeping centers on the fundamental concept that what a company owns (assets) must equal what it owes to its creditors (liabilities) plus what it owes to its owners (owners' equity). This balance is the fundamental accounting equation: assets = liabilities + owners' equity.
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Performance dashboards enable ________ operations that allow the users to view underlying data sources and obtain more detail
Fill in the blanks with correct word
Which of the following statements is true of intellectual capital?
A) The value of an organization's intellectual capital is best reflected in conventional accounting reports. B) Intellectual capital consists of all the intangible assets of an enterprise that contribute to its competitive advantage. C) Intellectual capital is hard to distinguish from other sources of capital owned by an organization. D) Intellectual capital does not include the knowledge stored as documentation about business processes, procedures, policies, contracts, and patents.