The inventory system in which a continuous record is maintained for inventory and cost of goods sold is called

The following statement was made by an auditor with the internal audit office of Lexington Fayette Urban County Government (LFUCG) in an audit report on the Office of Homelessness Prevention & Intervention. Ordinance 102-2014, Sec-490 (0) states that the Board shall, "Submit annual reports on the activities of the Innovative and Sustainable Solutions to Homelessness Fund tot eh Mayor, the Urban County Council and the community." We were informed by the Administrative Officer of the OHPI and the Director of Grants & Special Programs (who was previously responsible for the OHPI) that the annual reports have not been submitted. This statement is an example of:

a) an effect. b) recommendation. c) a condition. d) a cause.

Typically, depreciation calculations are rounded to the nearest whole month

Indicate whether the statement is true or false