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Big Data Is Used by Small Retail Stores in All

question 32

Multiple Choice

Big Data is used by small retail stores in all of the following ways,except ______________.

Comprehend the accounting treatments and entries for the purchase, interest accrual, and sale of debt investments.
Recognize the accounting treatments for stock investments, including dividends and sales.
Understand the impact of corporate investments on financial statements.
Distinguish between different securities such as available-for-sale, held-to-maturity, and trading securities.

Definitions:

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms.

Account Receivable

Resources that a company has yet to receive payment for from customers, regarding delivered goods or services.

Interest Revenue

Earnings received through the act of providing loans or putting money into assets that generate interest.

Notes Receivable

Short-term or long-term financial assets representing the promise of another party to pay a specific sum of money at a future date.

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