Refer to the Illustrations Below as You Answer the Next

question 60

Multiple Choice

Refer to the illustrations below as you answer the next question: If the partial flowchart were converted to a data flow diagram, which of the following would most closely represent it?

• A)Diagram A
• B)Diagram B
• C)Diagram C
• D)Diagram D

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Definitions:

Supplies Account

An account used to track the cost of supplies used by a business during an accounting period that are not directly tied to production.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period, providing insight into its operational efficiency.

Unearned Revenue

Amounts received for goods or services that have not yet been provided, recorded as a liability until the service or product is delivered.

Liability

An obligation or debt that a company must pay in the future, arising from past transactions or events.