If a corporation holds a forward contract for the delivery of government bonds in 6 months and, during those 6 months, interest rates decline, at the end of the 6 months the value of the forward contract will have:

• A.Decreased.
• B.Increased.
• C.Remained constant.
  D Any of the answers may be correct, depending on the extent of the decline in interest
  rates.

Comment: *

Name: *

Email: *

Verification: *

Which of the following biometric access controls uses the most unique human recognition characteristic?

• A.Retinal print comparison.
• B.Voice comparison.
• C.Facial comparison using photo identification.
• D.Signature comparison.

Comment: *

Name: *

Email: *

Verification: *

What are the effects of an adjusting entry used to accrue revenue from credit sales?

• A.Option A
• B.Option B
• C.Option C
• D.Option D

Comment: *

Name: *

Email: *

Verification: *

Which of the following computerized control procedures would be most effective in ensuring that data uploaded from desktop computers to a serer are complete and that no additional data are added?

• A.Self-checking digits to ensure that only authorized part numbers are added to the database.
• B.Batch control totals, including control totals and hash totals.
• C.Passwords that effectively limit access to only those authorized to upload the data to the mainframe computer.
• D.Field-level edit controls that test each field for alphanumerical integrity.

Comment: *

Name: *

Email: *

Verification: *

A newly acquired plant asset is to be depreciated over its useful life. The rationale for this process is the:

• A.Economic entity assumption.
• B.Monetary unit assumption.
• C.Materiality assumption.
• D.Going concern assumption.

Comment: *

Name: *

Email: *

Verification: *