If You Have Two Values in One Field,which Normal Form

question 14

Multiple Choice

If you have two values in one field,which normal form have you violated?

• A)0NF
• B)1NF
• C)2NF
• D)3NF

Identify and differentiate between various financial analysis characteristics such as liquidity, profitability, marketability, and solvency.

Understand the significance of other comprehensive income in financial reporting.

Recognize the reporting requirements for discontinued operations.

Understand the concepts of pro forma income and its exclusions.

---

Definitions:

Written Promise

A written promise is a documented commitment by one party to perform or refrain from performing specified actions.

Course of Dealing

A sequence of previous conduct between parties to a contract that establishes a common basis for their understanding.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Oral Contract

is an agreement between parties that is spoken and not written down, yet is legally binding, provided it can be proven to exist and meets legal requirements.