After Choosing Continue for a New Vendor in a Supplier

question 24

Multiple Choice

After choosing Continue for a new vendor in a supplier invoice -

• A) you can open the vendor's ledger record to add the remaining vendor details
• B) there is no ledger record for the new vendor
• C) you will be unable to edit the vendor payment terms for later purchases
• D) the ledger record already contains all details you added to the purchase invoice

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Definitions:

Acquisition Differential

The difference between the cost of an acquisition and the fair value of the net identifiable assets acquired.

Ownership Interest

Refers to the percentage or portion of a company that is owned by a shareholder, indicating a claim on assets and possibly a right to the income of the company.

Equity Method

An accounting technique used to record investments in which the investor has significant influence over the investee but does not control it outright.

Voting Shares

Shares that give the shareholder the right to vote on company matters, such as electing directors and approving company policies.