When the Same Attribute in Related Data Files Has Different

question 89

Multiple Choice

When the same attribute in related data files has different values,this is called data

• A)redundancy.
• B)duplication.
• C)dependence.
• D)discrepancy.
• E)inconsistency.

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Definitions:

Fair-Value Allocations

The process of assigning fair values to different assets and liabilities when a company is acquired, as part of the purchase price allocation.

Net Income

The net income a business earns following the deduction of all costs and taxes from its gross revenue.

Dividends

Profit payouts by a corporation to its shareholders, usually as a method of distributing earnings.

Initial Value Method

An accounting approach for investments where the investment is recorded at its original cost without subsequent adjustments for changes in market value.