The process of creating simple data structures from more complex ones, which yields a data model that is very stable and useful across many different requirements, is called:
A) standardization.
B) consistency.
C) normalization.
D) basic.
C
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Which of the following would be a case where an event as a transaction is not supported by a source document?
a. a purchase of inventory on credit b. a cash sale c. the financial consequences of a fire loss d. recording payroll
______ are tales based on real organizational experiences that have been passed down to become legends over time.
A. Stories B. Ceremonies C. Symbols D. Rituals
Harper Company lends Hewell Company $40,000 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financial statements on March 31. What adjusting entry Harper should make before the financial statements can be prepared?
A) Cash 200Interest Revenue 200 B) Interest Receivable 800Interest Revenue 800 C) Interest Receivable 200Interest Revenue 200 D) Note Receivable 40,000Cash 40,000
The payback method of evaluating an investment fails to consider how long the investment will generate cash inflows beyond the payback period.
Answer the following statement true (T) or false (F)