Which of the Following Items Can Best Be Described as an "Agent

question 49

Multiple Choice

Which of the following items can best be described as an "Agent" in the REA data model?

• A)Purchases.
• B)Purchasing manager.
• C)Raw material inventory.
• D)Purchase returns.

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Definitions:

Paid-in Capital

The amount of money that a company receives from selling shares of stock directly to investors, not including any later earnings or profits.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to dividends and voting in corporate matters.

Treasury Stock

Shares of a company's own stock that it has reacquired but not yet retired or resold.

Paid-in Capital

The amount of money that a company has received from shareholders in exchange for shares of stock, reflecting the investment in the business.