Reconciliation procedures is an example of
A) a data entry control.
B) a data transmission control.
C) an output control.
D) a processing control.
Answer: C
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Recasto owns a second residence that is used for both personal and rental purposes. During 2016, Recasto used the second residence for 50 days and rented the residence to Louis for 200 days. Which of the following statements is true?
a) All mortgage interest and taxes on the property will be deducted to determine the property's net income or loss. b) A rental loss may be deducted if rental-related expenses exceed rental income. c) Utilities and maintenance on the property must be divided between personal and rental use. d) Depreciation may not be deducted on the property under any circumstances.
Which of the following would be most appropriate when closing a direct format message with negative news?
A) Offer a sincere apology. B) Offer contact information in the event the reader wants to further discuss the issue. C) Provide reasons for the news. D) Offer an alternative solution. E) End on a cheerful, positive note that minimizes the impact of the negative news.