Technology:

A) Has replaced accounting.
B) Has not improved the clerical accuracy of accounting.
C) Reduces the time,effort and cost of recordkeeping.
D) In accounting has replaced the need for decision makers.
E) In accounting is only available to large corporations.

Workers, rather than firms, bear most of the burden of the payroll tax.

Job specialization increases work efficiency, but it tends to reduce employee motivation.

U.S.tax rules specify that if LIFO is used for tax purposes,the external financial statements must also use LIFO.

Operating income and cash flow are examples of metrics used to assess a company's financial condition.

Any contract that is deemed illegal is also a criminal violation.