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NEW QUESTION: 2
Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?
A. moving the cursor over projected balances displays the impact a journal will have on accounts
B. setting notification thresholds in the Account Monitor view
C. running a trial balance report to reconcile books
D. getting more detail on a balance by clicking the Show More button
Answer: A
Explanation:
Embedded intelligence provides immediate actionable insight. This feature gives you access to information or data to help you complete your transactions. In some instances, embedded intelligence can offer suggestions or recommendations. In other instances, it can offer predictive intelligence. Embedded intelligence appears on the same page as your transaction, enabling you to always remain in the context of your task, and eliminates the need to query or run reports.
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NEW QUESTION: 3
Worcester Ltd had a balance of $2 million as its total equity at 1 January 2012. During the year ended 31 December 2012 the company:
Revalued property with a cost of $2 million and accumulated depreciation of $1,600,000 to $1.5 million
Issued shares with a nominal value of $500,000 at a premium of $100,000
Made a profit for the year of $750,000
In accordance with IAS 1 Presentation of Financial Statements, what is the closing balance on total equity in Worcester Ltd's statement of changes in equity for the year ended 31 December 2012?
A. $4,200,000
B. $3,850,000
C. $4,450,000
D. $4,350,000
Answer: C
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