Which of the following is an example of a many-to-many recursive relationship?
A) Students and courses they are taking
B) Products and their components
C) Courses and their prerequisites
D) Orders and products that are purchased
B
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The credit department uses accounts receivable master data to complete several of their activities
Indicate whether the statement is true or false
Your bookkeeper is off for the day and you are trying to figure out what her last entry in the journal could be for. Unfortunately, she only recorded the debit side of the transaction as $4,400 to Accounts Payable. It is possible that this debit could correspond to:
a. A purchase of equipment costing $4,400 on credit. b. A payment of $4,400 to a supplier to settle a balance due. c. A $4,400 sale to a customer. d. A $4,400 issuance of the company's capital stock.
If possible, standard codes should be used for missing data
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
The Committee on Accounting Procedures (CAP) represented the profession’s first sustained attempt to develop workable financial accounting rules.