Accounting Information Systems (13th Edition)
Accounting Information Systems (13th Edition)
13th Edition
ISBN: 9780133428537
Author: Marshall B. Romney, Paul J. Steinbart
Publisher: PEARSON
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Question
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Chapter 9, Problem 1CQ
To determine

Identify the true statement.

Expert Solution & Answer
Check Mark

Answer to Problem 1CQ

Option b

Explanation of Solution

Cookies: The cookies are text file containing non-executable programs, which store sensitive information.

Option (b):

The cookies are text files that can store information. Therefore, Option b, is the correct answer.

Option (a):

Encryption alone does not protect the privacy and confidentiality of data. Therefore, Option a, is an incorrect answer.

Option (c):

The data is generally protected with a similar set of controls. Therefore, Option c, is an incorrect answer.

Option (d):

The Option b is a true statement; hence, Option d, is an incorrect answer.

Conclusion

Therefore, Option (b) is the correct answer.

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The following information was taken from Kingbird Electrical Service Company cash budget for the month of July: Beginning cash balance $150000 Cash receipts 144000 Cash disbursements 204000 If the company has a policy of maintaining an end of the month cash balance of $150000, the amount the company would have to borrow is $60000. $90000. $43200. $30000.
Journalize entries    1. Cash balance per bank, July 31, $8,004. 2. July bank service charge not recorded by the depositor $46. 3. Cash balance per books, July 31, $8,096. 4. Deposits in transit, July 31, $3,266. 5. $1,840 collected from a customer for Sheridan Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sheridan Company. 6. Outstanding checks, July 31, $1,380.
OPD, who is claimed as a dependent by his parents, is 17. He received income of $3,400 from a trust fund and $700 from wages. He had $1,200 in itemized deductions. What is his taxable income?
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