Which of the following items can best be described as a "Resource" in the REA data model?
A. Cash.
B. Cashier.
C. Sales.
D. Two of these choices are correct.
Answer: A
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Which of the following best describes the meaning of "transfer" as it relates to records management?
A. Records are put into low-cost storage areas. B. Records are changed from active status to inactive status. C. Records are destroyed. D. Records are preserved in vaults.
The calculation of the payback period for an investment when net cash flow is even (equal) is:
A. Total net cash flow/Annual net cash flow B. Total net cash flow/Cost of investment C. Cost of investment/Total net cash flow D. Cost of investment/Annual net cash flow E. Annual net cash flow/Cost of investment
Intangible real property includes all of the following except:
a. leases. b. fixtures. c. easements. d. None of these. All real property is tangible.
The residual theory of dividends, as espoused by Modigliani and Miller, suggests that dividends represent an earnings residual rather than an active decision variable that affects firm value; this means that a firm's decision to pay dividends or not
will not have any impact on a firm's share price. Indicate whether the statement is true or false