ACCT 105 Act105 week 3 100% COMPLETE QUESTIONS AND ANSWERS.

Question 1 of 10 10.0/ 10.0 Points The stable dollar assumption is that fluctuations in the value of the dollar are significant and may not be ignored. A. True B. False Answer Key: False Question 2 of 10 10.0/ 10.0 Points The percentage-of-completion method recognizes revenue at the point of sale. A. True B. False Answer Key: False Question 3 of 10 10.0/ 10.0 Points Which of the following statements is false? A.Inclusion of special journals and subsidiary ledgers increased the efficiency of the manual accounting system. B. Microcomputers were used for accounting functions before mainframe computers. C. Even if special journals are used, the general journal is used. D. Many accounting software packages are relatively inexpensive (under $500)