Intuitive judgments are almost always involved in deriving quantitative criteria

Which of the following is not usually a consideration when designing a coding system?

A) government coding regulations B) standardization C) future expansion needs D) ease of reporting

The difference between the debits and credits for each pair of columns in the Income Statement and Balance Sheet sections of the work sheet represents net income or net loss

a. True b. False Indicate whether the statement is true or false