Which of the Following Statements Is TRUE of Identifiers

question 14

Multiple Choice

Which of the following statements is TRUE of identifiers?

• A) They are constraints on minimum requirements in a relationship.
• B) They are data that users want to track.
• C) They highlight instances of data duplication in a database.
• D) They are attributes whose values are associated with only one entity instance.

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Definitions:

Net Loss

The amount by which total expenses exceed total revenues, indicating that a business spent more than it earned during a given period.

Net Loss

This occurs when a company's expenses exceed its revenues during a specific period of time, leading to a negative net income.

Ending Capital

The amount of capital a company or individual has at the end of a financial period, after all transactions have been accounted for.

Income Summary

An account in the general ledger used to transfer the balances of temporary accounts to permanent accounts at the end of an accounting period.