A(n) ________ Is a Component of an IS and Is

question 1

Multiple Choice

A(n) ________ is a component of an IS and is embedded within a process activity.

• A) embedded process
• B) procedure
• C) information system
• D) database

---

Definitions:

Deferred Tax Liability

A tax obligation that arises when taxable income will be higher in future periods due to temporary differences in accounting methods.

Tax Effect

The impact financial transactions have on the amount of tax payable by an individual or corporation.

Revaluation

The process of adjusting the book value of a company's assets to reflect their current market values

OCI

Other Comprehensive Income represents gains and losses that are not included in net income on the income statement.