The data on all forms and reports must consist of data elements in data stores and on the E-R data model for the application or else be computed from these data elements
Indicate whether the statement is true or false
TRUE
Explanation: This question is consistent with the definition of a form being a business document that contains some predefined data and may include some areas where additional data are to be filled in; typically based on one database record.
CL
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An entity's IT infrastructure refers to:
A. Software. B. Data provided by the system. C. Hardware components. D. Programmers.
Stakeholders can use social media to harm companies
Indicate whether the statement is true or false.
Which of the following accounts is not a stockholders' equity account?
a. Common Stock b. Retained Earnings c. Notes Payable d. Dividends
During July, Audio City sold 200 radios for $50 each. Each radio had cost Audio City $30 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and one actually is replaced during July, the entry to record the Product Warranty Expense is:
a. Product Warranty Expense 30 Estimated Product Warranty Liability 30 b. Product Warranty Expense 150 Cash 150 c. Product Warranty Expense 300 Estimated Product Warranty Liability 300 d. Estimated Product Warranty Liability 600 Product Warranty Expense 600