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Question 10 A ledger is used to store cumulative information about resources and agents, and it describes the set of t-accounts. O True O False
Question 10 A ledger is used to store cumulative information about resources and agents, and it describes the set of t-accounts. O True O False The auditors were unable to obtain information about the fairness of the financial statements that were prepared by Safeway Company. While there is no evidence of wrongdoing the auditors are not able to complete the audit process. Which of the following characteristics of useful information is absent? O relevant O reliable O complete accessible Question 14 Which statement below would describe a limitation, rather than a benefit of an efficient AIS? an AIS reduces uncertainty, and therefore accounting information can provide a basis for O A. an AIS provides information about the results of previous decisions which provides decision makers with feedback that can be used in future decision making B. an AIS provides to its users a big quantity of information without any filtering or summarizing of such information O c. an AIS identifies situations requiring management action O D. choosing among alternative courses of action
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