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NEW QUESTION: 1
Identify the three valid statements regarding effective date.
A. Effective date ensures that the data is valid at a given point of time.
B. Effective date enables you to maintain history of data.
C. Effective date feature is applicable to all the HR objects.
D. Effective date is the date on which you create the date.
E. Effective date specifies when the data goes into effect.
Answer: A,B,E

NEW QUESTION: 2
The amortization of intangible assets with finite useful lives is justified by the:
A. Monetary unit assumption
B. Historical cost assumption
C. Going concern assumption.
D. Economic entity assumption.
Answer: C
Explanation:
Every business is assumed to be a going concern that will continue operating indefinitely. Thus liquidation values are not important. For example if an entity is not a going concern, its intangible assets are reported at liquidation values, not at historical cost net of amortization.

NEW QUESTION: 3
A common estimation unit for Agile projects is:
A. Use-case points.
B. Lines of code.
C. Story points.
D. Function points
Answer: C

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