38-Cash registers, time clocks, and personal identification scanners are examples of technologies that can improve internal control.

true or false

39-The Financial Accounting Standards Board is the governmental agency that sets both broad and specific accounting principles.

true or false

40-On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $18,300; Accounts Receivable, $7,150; Supplies, $500; Equipment, $11,900; Accounts Payable, $9,150. What is the amount of equity as of May 31 of the current year?

• $47,000.

• $13,050.

• $18,300.

• $28,700.

• $37,850.