Debit and credit balance assumptions
Question:
Maria Alvarez, a beginning accounting student, believes debit balances are favorable and credit balances are unfavorable. Upon what does Maria make this assumption? If you choose one over the other, what is your rationale?
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Maria Alvarez, a beginning accounting student, believes debit balances are favorable and credit balances are unfavorable.
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Tax credits reduce a taxpayer's tax liability and in some cases can create a refund.
Question: Explain probability and impact matrix used in qualitative risk analysis.
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