The purpose of security controls is to ensure that entity resources are protected from loss, destruction, disclosure, copying, sale, or other misuse.
Indicate whether the statement is true or false
Question 2
On January 1, Needem, Inc. borrows 10,000 and agrees to repay the loan plus 8 interest in two years. If the proper adjustment is not made at the end of the first year, what will be wrong with the financial statements?
A) Nothing will be wrong with the financial statements.
B) Cash will be overstated on the balance sheet.
C) Expenses will be overstated on the income statement.
D) Liabilities will be understated on the balance sheet.
Sustainable Food Security
Resources for Nutrition Facts
Three Pieces of the Long-Term Weight-Loss Puzzle Diet
Maintaining Weight Loss
Controls of Temperature
Gas pressure loss and venturi flowmeter