Author Question: Which of the following is true when using blockchain for business? (Read 43 times)

Bobvance · **on:** May 9, 2022

Question 1

Which of the following is generated through management accounting rather than financial accounting?
◦ Profit and loss statement
◦ Cash flow statement
◦ Balance sheet
◦ Budget reports
◦ Statement of retained earnings

Question 2

Which of the following is true when using blockchain for business?
◦ There is no single point of attack for network security.
◦ Cost of use is higher than traditional methods.
◦ Auditing procedures become complex and time consuming.
◦ There is less immutability.
◦ Tangible assets are more easily converted to intangible assets.

sadoniam · **Reply #1 on:** May 9, 2022

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