According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.

• A.Revenue and Income statement
• B.Revenue and corresponding expenses
• C.Capitalized expenses and Liabilities
• D.Income statement and Long-term contracts

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Which of the following is NOT a method of identity theft prevention recommended for businesses?

• A.Restrict employees' access to customers' personal information.
• B.Require employees to use laptops rather than desktop computers.
• C.Collect customers' government identification numbers only when legally required to do so.
• D.Use encryption to protect information sent internally through the company's wireless network.

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By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.

• A.Journal Entries
• B.False debits
• C.None of all
• D.Out-of-balance

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Which of the following is a TRUE statement regarding pyramid schemes?

• A.It is illegal to design an organization to have a pyramidal structure for any purpose
• B.Illegal pyramid scheme participants make their money chiefly by recruiting new members
• C.Illegal pyramids are designed to pay off later investors, not the earliest ones
• D.None of the above

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The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:

• A.Register manipulations
• B.Internal audits
• C.Revenue sources
• D.Recorded sales

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