A ________ Value Is a Special Field Value,distinct from a Zero,blank,or

question 71

Multiple Choice

A ________ value is a special field value,distinct from a zero,blank,or any other value,that indicates that the value for the field is missing or otherwise unknown.

• A)Key
• B)True
• C)Null
• D)Default

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Definitions:

Net Loss

A financial situation where a company's total expenses exceed its total revenues in a specific accounting period, leading to a decrease in equity.

Balance Sheet

A financial statement that shows the assets, liabilities, and equity of a company at a specific point in time, providing a snapshot of its financial condition.

Adjusted Trial Balance

A statement listing all accounts and their balances after adjustments have been made, serving as the basis for financial statements.

Net Income

Net income is the total profit of a business after all expenses, taxes, and deductions have been subtracted from total revenue.