Cash equivalents include money market accounts, commercial paper, and U.S. treasury bills held for ninety days or less.

Assume that at the end of the day, the cash register tape shows a balance of $635. However, the cash drawer has a balance of $650. This difference should be recorded as an increase to Miscellaneous Expense.

On the New York Stock Exchange, the transfer of stock from one corporation to another corporation requires not only disclosure of that transfer on the date of record, but also requires the approval of the SEC under certain circumstances.

A bank reconciliation is generally prepared by the bank and sent to the depositor along with canceled checks.

The balance in accumulated depreciation represents the total cost that has been charged to expense since placing the long-term asset in service.

When completing a bank reconciliation, items listed as additions or as deductions of cash on the balance per bank side of the reconciliation will require journal entries for these respective increases and decreases.

Which of the following is a general-purpose OS that can be categorized as standalone?

With SAN technology, servers use a separate network to communicate with the storage device.

Your colleague is asking about a storage device that uses flash memory chips but doesn’t use magnetic platters. What type of device is he asking about?

SATA drives have mostly replaced PATA drives and have faster transfer times.